Please solve the questions in the screenshot and solve all the questions from a to j in order.

Petersen & Peterson Company is a 6-year-old company founded by Jackson Peterson end Mary Peterson to exploit metamaterial plasmonic technology to develop and manufacture miniature microwave frequency directional transmitters and receivers for use in mobile Internet and communications applications. The technology, although highly advanced, is relatively inexpensive to implement end their patented manufacturing techniques require little capital in comparison to many electronic fabrication ventures. Because of the Iou capital requirement, Jackson and Mary have been able to avoid issuing new stock end thus own all of the shares. Because of the explosion in demand for ts mobile Internet applications, the company must now access outside equity capital to fund its growth and the couples have decided to take the company public. Until now, Jackson and Mary have paid themselves reasonable salaries but routinely reinvested all after-tax earnings in the firm, so dividend policy has not been en issue. However, before talking with potential outside investors, they must decide on a dividend policy. Your supervisor at the consulting firm Ernst Young & Associates, which has been retained to help the company prepare for its initial public offering, has asked you to make a presentation to Jackson and Mary in which you plan to review the theories of dividend policy and discuss capital structure decisions. e. Explain to the Petersons the term a "distribution policy'? b. Describe the following theories of dividend payout preferences and how they will affect dividend policy of Peterson & Peterson Company: i. dividend irrelevance theory ii. bird-in-the-hand theory iii. tax effect theory, end iv. information content hypothesis (signaling theory) Peterson & Peterson Company plans to undertake a massive capital expansion project next year that will require SIO million investment. The company* target capital structure consists of 60k debt and 40k equity. Peterson has 1 million shares of stock outstanding. If net income next year is 56 million and the company follows a residual distribution policy with all distributions as dividends, determine the fallowing: c. the company's dividend per share for next year d. the company's forecasted dividend payout retia e. the amount of equity financing end long-term debt needed to finance the project f. Whet are the advantages and disadvantages of the company's residual polie (Hint: do not neglect signaling end clientele effects.) g. Peterson Company plans to repurchase some of its own outstanding stock in the future if sees that its stock price is undervalued in the market and more specially to reorganize its capital structure. Identify three advantages and three disadvantages of stock repurchases. Boehm Corporation produces satellite earth stations that sell far 5150,000 each. The firm's fixed costs ere Sl .5 million, 20 earth stationE are produced end sold each year. Profits are 5400,000 end the firm's assets (ell equity financed) are S5milIion. Due to technological advances in the industry the firm estimates that it Gn change its production process by adding SIO million to assets and 5500,000 to fixed operating costs. This change will reduce variable costs per unit by 55,000 and increase output by 30 units. However, the sales price on ell units must be lowered to Sl 40,000 to permit sales of the additional units. Boehm Corporation has tax carryforwards that render tax rate zero, its cost of equity is 18% end it has no debt in its capital structure. Thus, the company's profit is equal to earnings before interest and taxes (EBIT) h. Determine the company* variable cost per unit end break-even quantity under the initial plan. i. Determine the company* variable cost per unit end break-even quantity under the proposed plan. j. Would the neu proposed plan expose the firm to more or less business risk then the initial plan. Show your work.