CGI Inc. is a global information technology services provider. Its services include systems integration, consulting and business process outsourcing. Its annual report for fiscal year 2018 included the following: 18. Capital Stock During the year ended September 30, 2018, the Company purchased for cancellation 3,510,700 Class A subordinate voting shares (15,074.900 during the year ended September 30, 2017) under the current Normal Course Issuer Sid (NCIS) for a cash consideration of $293,671,000 ($946,664,000 during the year ended September 30, 2017) and the excess of the purchase price over the carrying value in the amount of $265,563,000 ($823,450,000 during the year ended September 30, 2017) was charged to retained earnings. Required: Pe 55 1. Why do you think CGI's board of directors decided to repurchase the company's shares? 2. Prepare the journal entries to record summaries of the repurchase transactions that occurred during fiscal years 2017 and 2018 3. Compute the weighted average issuance price per share when the shares were repurchased in 2017 and 2018, and explain why CGI paid a much higher price for repurchasing its own shares 4. What impact will this transaction have on CGI's future dividend obligations