If you have programmed your spreadsheet correctly, the projected amount of cash grows steadily from Year 1 to Year 5 and the projected cash balance at the end of Year 5 is a whopping $33,511 million (allow for rounding), which is more than 12.5% of total assets. Identify one problem that so much cash could create for the financial management of Walmart. c. Assume that Walmart will augment its dividend policy by paying out 30% of lagged net income plus the amount of excess cash each year (if any). Assume that during Year 1 to Year 5, Walmart will maintain a constant cash balance of $7,781 million (the ending cash balance in 2012). Revise your forecast model spreadsheets to change the financial flexibility account from cash to dividends. Determine the total amount of dividends that Walmart could pay each year under this scenario. Identify one potential benefit that increased dividends could create for the financial management of Walmart. d. Calculate and compare the return on common equity for Walmart using the forecast amounts determined in Requirements a and c for Year 1 to Year 5. Why are the two sets of returns different? Which results will Walmarts common shareholders prefer? Why?