3. Based on the signaling and clientele considerations, how will Rockborg's various providers of capital, such as its stockholders and debtholders, react to a declaration of no dividend? What about the announcement of a 40% payout? FINA 6340 Advanced Corporate Finance 4. What is the nature of the share-repurchase decision that Larson much make? How would this affect the dividend decision? 5. What should Larson recommend? You can use numbers from the case Exhibits 26.1-8 and the analysis above to justify your argument