24 Choose either the Apple or the Sungreen case assignment for this question. The case study you chose for this question: The following two questions refer to the Apple case assignment Why did Apple wait until 2011 to start paying dividends? Hint: consider Apple's basic business risk and excess cash balances in your answers. Why did Apple's stock price rise sharply following the firm's dividend annoucement? 24 The following question refer to the Sungreen case assignment Recall that when calculating a project's NPV, it's the project's risk and capital structure that matters for the calculation of an appropriate cost of capital. Briefly discuss how Sungreen calculated this value to estimate its cost of capital correctly. 24 Choose either the Apple or the Sungreen case assignment for this question. The case study you chose for this question: The following two questions refer to the Apple case assignment Why did Apple wait until 2011 to start paying dividends? Hint: consider Apple's basic business risk and excess cash balances in your answers. Why did Apple's stock price rise sharply following the firm's dividend annoucement? 24 The following question refer to the Sungreen case assignment Recall that when calculating a project's NPV, it's the project's risk and capital structure that matters for the calculation of an appropriate cost of capital. Briefly discuss how Sungreen calculated this value to estimate its cost of capital correctly