problem #5 (12 points) The following 2 questions are about having a firm use its cash to pay cash dividends or to repurchase shares: a) (4 points) From a financial accounting perspective, describe the differences that would occur if a firm used $100 million to repurchase shares (currently prices at $50 per share) rather than paying all outstanding a cash dividend? b) (4 points) From a financial market perspective, what would you expect the differences to be if the firm paid a cash dividend rather than a share repurchase? c) (4 points) From the perspectives of all shareholders, what is the difference from a tax perspective if the firm repurchases $100 million worth of shares rather than using that money to pay a cash dividend