Calculate the optimum cash strategy under the following alternatives Minimum cash balance -Rupees 10,000 Variance of daily cash flows 6,250,000 Interest rate025 percent per day Tractions cost for each sale of purchase of securities- Rupees 20. 5 (a) (b) Should corporations pay their shareholders through dividends or by repurchasing their shares, which is the least costly form of payout from tax perspective? Comment. Explain the irrelevance theories of Dividends