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Assume personal tax rates are lower than corporate tax rates. From a tax-paying shareholder point of view, how should a firm spend its excess cash once it has funded all positive net present value projects? repurchase shares acquire another firm purchase financial assets increase cash dividends increase executive compensation Stock splits are often used to: adjust the market price of a stock such that it falls within a preferred trading range. decrease the excess cash held by a firm. increase both the number of shares outstanding and the market price per share. increase the total equity of a firm. adjust the debt-equity ratio such that it falls within a preferred range