An investor was reviewing a company with the intent of purchasing shares of stock. In the annual report the president is quoted as saying that the firms primary goal is to increase the value of stockholders equity. However, after additional reading, the investor learned of possibly contradictory actions by the firm. Discuss each of the following with respect to how the firms stock price, customers, and employees may react $($i$.$e$.,$ will they approve or disapprove?$).$ a$.$ The company contributed $$5$ million to the local hospital development fund. The firm is the major employer in a small town and the hospital is in the danger of closing. b$.$ The company is spending $$500$ million to open a new plant in Korea. The new plant will not be operational for $5$ years, so the firms net income will fall during this period. c$.$ The firm is increasing its use of debt financing. The risk of the firm is not significantly increased by the additional debt. d$.$ The firm is embarking on a plan to upgrade its production process using new, untried technology. If the new systems work, substantial savings could result. If the systems fail, orders will be delayed or unfilled and many customers can be expected to go elsewhere. e$.$ The firm will decrease its dividend payout ratio. The firm proposes no new investment opportunities.