Question 2: For each of the following scenarios indicate whether the Earnings Per Share Basic for 2026E will increase or decrease.

1.) The interest rate on debt for 2022E-2026E increases to 5% 2.) Hershey's uses extra cash to repurchases shares 3.) Hershey's reduces their dividend to start stockpiling cash 4.) Hershey's optimizes their production and reduces the COGS % of Sales to 30%