Super Painter, Inc. (SPI) has 20,000,000 shares outstanding with a current market value of $55 per share. SPI made $100 million in profits for the recent quarter, and since only 60% of these profits will be reinvested back into the company, SPI’s Board of Directors is considering two alternatives for distributing the remaining 40% to shareholders: Pay a cash dividend of $30,000,000 / 20,000,000 shares = $1.50 per share. Repurchase $30,000,000 worth of common stock. Suppose that dividends are received when the shares go ex-dividend, the stock can be repurchased at the market price of $55 per share, and there are no differences in tax treatment between the two alternatives. How would the wealth of an SPI shareholder be affected by the board’s chosen method of distribution?

George kyparisis makes bowling balls in his miami plant. with recent increases in his​ costs, he has a newfound interest in efficiency. george is interested in determining the productivity of his organization. he would like to know if his organization is maintaining the manufacturing average of a​ 3% increase in productivity. he has the following data representing a month from last year and an equivalent month this​ year: last year now cost per input unit units produced 1 comma 2001,200 1 comma 2001,200 labor​ (hours) 300300 275275 ​$1212 per hour resin​ (pounds) 5050 4545 ​$55 per pound capital invested​ ($) 10 comma 00010,000 11 comma 00011,000 22​% per month energy​ (btu) 2 comma 9002,900 2 comma 7502,750 ​$0.600.60 per btu the percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator​ = 3.153.15​% ​(enter your response as a percentage rounded to two decimal​ places).