If Fin 222 Ltd US Pizza decides to pay cash to shareholders, it can do so through either dividend payments or share repurchases. Assume, FIN 222 Ltd US Pizza has cash of $400,000 cash in excess and no debt with 100,000 of outstanding shares. Discuss three possible options that may be considered by the board and determine the impact of each decision on the market value of FIN 222 Ltd US Pizza. Assume including the cash in excess, FIN 222 Ltd US Pizza's total market value is $1,000,000 and future free cash flows of $345,000 per year.