The President of the United States semiconductor corporation made this statement in the companies annual report: United's primary goal is to increase the value of the common stockholders equity overtime. Later in the report the following announcements were made:

A: The company contributed $1.5 million to the symphony orchestra in San Francisco, its headquarters city.

B: United is pending $5 million to open a new plant in Mexico. no revenues will be produced by the plant for four years, so earnings will be depressed during this period versus what they would have been had the company not open the new plant.

C: The company is increasing its relative use of debt. Assets were formally financed with 35% debt and 65% equity; henceforth, the financing mix will be 50-50

D. The company uses a great deal of electricity and its manufacturing operations, and it generates most of this power itself. United plans to utilize nuclear fuel rather than coal to produce electricity in the future.

E: The company has been paying out half of its earnings as dividends and retaining the other half. Henceforth, it will pay only 30% as dividends.