1. Explain the basic concept of "homemade dividends" and how, theoretically, this may make dividend policy irrelevant to firm value. What are some aspects of the "real world" that could make dividend policy relevant?2. When forecasting financial statements, assumptions must be made about how things like fixed assets, current assets, liabilities, costs, etc. would change if sales are growing. If you are forecasting 20% growth in sales next year, describe the simplifying assumptions you would make regarding costs of goods sold, depreciation expense, and fixed assets in your forecast