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Tell Inc. is a publicly traded, low-tech firm, and it has a profitable record over the last 10 years. Tell earnings growth growth was below

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Tell Inc. is a publicly traded, low-tech firm, and it has a profitable record over the last 10 years. Tell earnings growth growth was below the average of US publicly traded companies, and Tell's stock trades at a below-average P/E. multiple. Tell has not paid a cash dividend over the last 10 years. The company has $200 million in cash on its balance sheet. Total assets are $1 billion. Tell has no debt on its balance sheet. (i.e., all equity or negative 'net debt'.) Tell announces a new cash dividend of $10 million per year, and, at the same time the company announces a $100 million share repurchase immediately. Provide at least two (2) reasons for why Tell Inc. made this decision. No calculations are required

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