As we know,if the NPV is positive ,we need to take on this investment opportunity. now we expect the return on equity will increase by 5% in next five years. what would be an appropriate financial strategy for the distribution of company’s earning? assume that today is 2016 June 13, the stock price is 38.3, the net income is 230.8, cash flow is -22, DPS is 1.39, DPR is 60.8399, dividend yield 3.577, dividend paid-138.3.