Long Term Debt	Shareholder's Equity	Debt to Equity Ratio
2020-06-30	$14.73B	$207.32B	0.07
2020-03-31	$15.49B	$203.66B	0.08
2019-12-31	$14.77B	$201.44B	0.07
2019-09-30	$13.75B	$194.97B	0.07
2019-06-30	$13.16B	$192.19B	0.07
2019-03-31	$12.27B	$183.47B	0.07
2018-12-31	$4.01B	$177.63B	0.02
2018-09-30	$3.99B	$169.84B	0.02
2018-06-30	$3.98B	$162.00B	0.03
2018-03-31	$3.97B	$160.83B	0.03
2017-12-31	$3.97B	$152.50B	0.03
2017-09-30	$3.96B	$157.10B	0.03
2017-06-30	$3.96B	$148.29B	0.03
2017-03-31	$3.94B	$144.95B	0.03
2016-12-31	$3.94B	$139.04B	0.03
2016-09-30	$3.94B	$134.10B	0.03
2016-06-30	$1.98B	$127.88B	0.02
2016-03-31	$1.99B	$123.57B	0.02
2015-12-31	$2.00B	$120.33B	0.02
2015-09-30	$1.99B	$116.24B	0.02
2015-06-30	$2.23B	$111.78B	0.02
2015-03-31	$3.23B	$108.45B	0.03

i. Analyse the selected corporation debt level for the last 5 years. Is current debt level appropriate? What are the risks? How is it compared to peers? (10 Marks)

ii. From your observation of debt level and the corporations share price, what should be the firm optimal capital structure? Justify your answer through graph. (8 Marks)

iii. Discuss one theory in capital structure that is relevant to your observation of the corporation leverage. (7 Marks)