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Below you are given the annual equity pay out of Luck Corp over 2014-2018. The cost of equity for Luck Corp. is 25%. The company
Below you are given the annual equity pay out of Luck Corp over 2014-2018. The cost of equity for Luck Corp. is 25%. The company has 10 million shares outstanding in 2018. Use the Excel file Individual_HW3_template.xlsx to finish below questions. 2014 2015 2016 2017 2018 Share Repurchases 1,440,000 2,410,000 3,500,000 6,820,000 4,830,000 Dividends 3,950,000 3,997,000 4,238,000 4,875,000 5,100,000 (1). Compute total cash paid to equity holders in each year. (2 points. Hint: Share repurchase is an alternative way of paying cash to shareholders. Total cash paid to equity holders = dividends + share repurchases.) (2). Draw a line chart (not a scatter chart) which includes three series of data, namely: Share Repurchases, Dividends, and Total Cash Paid to Shareh
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