At the end of the fiscal year ending 31st December 2018, MCS & Co reported common equity of 649 million on its statement of financial position with 490 million invested in financial assets (in the form of cash equivalent and short term investments) and no financing debt. For the fiscal year ending 31st December 2019, the company reported 74 million in comprehensive income of which 11 million was after tax earnings on the financial assets. This month MCS & Co is distributing 340 million of financial assets to the shareholders in the form of special dividends. Calculate MCS& Co return on common equity for 2019 Holding all else constant, what would be MCS & Co ROCE after the payout of the 340 million as special dividends. Would you expect the payout of the special dividends to increase or decrease earnings in the future? (Explain) What effect would you expect the payout of the special dividends to have on the value of MCS& Co shares?