Pretend you are the CFO of a company that has paid a steady dividend for the past forty years and your recently hired, brilliant, freshly minted UTA Finance graduate who managed to pass Advanced Business Financial Analysis sends you a text message on your mobile phone while you are in the middle of yoga class that reads: Dividends are irrelevant. Why dont we quit paying them? On your way home from class and experiencing inner peace, you decide to prepare a response to your newest colleague, who many not know much about your company, but is well versed in theory. How would you reply? 2.) The new brilliant, freshly minted UTA Finance graduate, excited to have her text messages answered by a CFO who had experienced inner peace, follows her question with a suggestion that the company undertake to raise private equity for the purpose of purchasing all public shares. What reasons would she give for taking the company private?