Financial system is very important for our society. Please explain with examples how can financial system work to help improve our lives? Company F has $16million asset with $4 million cash and $12 million other assets. The debt is $4 million and $12 million equity. The current outstanding shares is 0.5 million and the stock price is $424. Please draw the balance sheet and explain if company F distributes out all $4 million to shareholders with (1) cash dividend, (2)share repurchase, and (3) stock dividend of 60%. what would be the change on balance sheet, respectively? (Tips: only write new balance sheet and calculation process.) Person A starts working at 35 with no deposits. He retires at 65. His annual income is $40,000. He has to save some money to support his after-retirement life from 65 to 85. The constant interest rate is 8% per year. If (1) he chooses to maintain his after-retirement spending at the rate of 80% of his pre-retirement income, how much money should he deposit every year? if (2) he would like to maintain a constant spending before and after retirement, how much does he save every year?