Individual Assignment 1 (March, 2023) ________________________________________ The individual assignment is based on the case; Financial Policy at Apple, 2013 (A). By the end of 2013, Apple had $137 billion dollars in cash and marketable securities. This case explores how companies can possibly generate such large amounts of cash and how and if they should distribute it to shareholders, especially in the face of shareholder pressure. In the process, students are asked to undertake fundamental financial analyses, including ratio analysis, a financial forecast, and a cash distribution analysis. This case is intended to help students understand the concepts of optimal capital structure, static trade-off theory, and interest tax shields. In completing this assignment, students will need to access information about the firm, its industry, and the macro economy, and conduct analyses using information provide in the unit. Required: Based on the particulars provided in the case, prepare a case analysis report using the points below as your guidepost. i. Would the new leverage affect the firms ability to access the capital market? ii. Would the firms ability to repay its debt be robust even in a cyclical downturn? iii. As Swedish Match Co. considered the pros and cons of the new financial policy, what would be the appropriate amount and structure for a bond issue. NB: These questions and issues are provided to guide your thinking on the case, but should not be the main response and consideration in the case report. Your response should be a written report as articulated in the template below.