With respect to electromagnetic theory of light, the photoelectric effect is best explained by statement

Light waves carry energy and when light is incident on the metallic surface, the energy absorbed by the metal may somehow concentrate on individual electrons andreappear as their kinetic energy when ejected

Particles of light (photons) collide with the metal and the electrons take this energy and may eject

When light waves fall on a metallic surface, the stability of atoms is disturbed and the electrons come out to make the system stable

None of the above