Shareholders and analysts welcomed Apple’s financial tactics, it’s capital restructuring decisions. They, however, emphasized that the maker of iPhones, iPads, and Macs must continue to innovate and fend off increasing competition. How would you relate Apple’s payout and capital restructuring decisions, which impacted largely the right-hand side of its balance sheet, to its corporate valuation or the significant rise in its share price over the course of a year from 2013 to 2014?