Okay, we're gonna have a look at dividends and how they have an impact on some of the key metrics for a business. So here we're looking at a return of capital of 25,000, and the specific metrics we're looking at are return on equity, return on invested capital and earnings per share. And not all these are gonna be impacted. So let's take a look. As we scroll down, uh, we have the balance sheet. And so, uh, if we're returning 25,000 to shareholders through a dividend, then we're gonna have a reduction. We're cash, we're gonna have the cash pre-transaction, but we're gonna knock off the 25,000, which is the contents of D nine. I don't think we're gonna have any impact on other assets, um, any impact on impact on debt or other liabilities. But equity of course, is also going to go down by 25,000. So that's, that's effectively our balance sheet. Now, if we scroll down, we're now gonna have a look at the income statement. If we're returning 25,000 to shareholders through a dividend, I don't see there being any impact on EBIT in any way. Now, when we think about net income, we've assumed here there's no impact In reality, if we are using cash to pay a dividend, we're gonna forgo interest on that cash we are using. And so post tax, that would have an impact on net income. But this is, you know, a very small number. So for simplification purposes, we're, we're gonna ignore that. In terms of the share count number, we're not buying back any shares. This is a dividend, so there's no impact on the share count number. So if we go ahead and calculate EPS net income over shares, we've still got the same EPS number. Now when it comes to thinking about the P ratio, if we are paying a dividend, then we are reducing the equity. And so the price you would think would change. Let's explore that. If we scroll down the bottom, there's a section for workings. So we're gonna pick up initially the PE pre-transaction of 19 times and the earnings per share pre-transaction of oh 0.85, which happens to be the same as the EPS after the transaction has happened. As we said, if we think about how the PE ratio works, if we multiply out the PE pre-transaction and the earnings per share pre-transaction, then we've got the price pre-transaction. So that's the share price, 16 point 15 before the transaction. Now, if we are paying out a dividend, the the point after that dividend had been paid, then it's reasonable to expect the share price would fall. So we wanna think about the dividend per share. Well, I know that the cash we are returning to shareholders in total of 25,000. A 25,000 dividend. If I divide that by the number of Shares, then I get the dividend per share at 1 25. So if I take the price, the share price before the transaction and knock off the dividend, I get the share price post transaction, and then I wanna think about the PE or to get the pe, I'm gonna take the price and divide it by the earnings per share. And that should give me the new pe. Let's scroll back up then and fill that in. So now we've got 17.5 times as our PE ratio After the transaction, let's calculate our return on equity. Our return on equity is gonna pick up our net income, which is gonna remain the same. But of course, as we said, our equity value was going to fall the balance sheet. We had paid out that 25,000 that had been charged to equity dividend. So that means the return on equity is increasing return on invested capital. Well, to get return on invested capital, we're gonna need to pick up the right earnings number, which should be EBIT, and we are gonna need to divide that by the invested capital. You literally think what that means, invested capital for capital. We have debt and we have equity, but not all of that capital has been invested. Some of it is uninvested, it's sitting there as cash. So the invested capital would be our debt and our equity less. Our cash return on invested capital has not changed because of course the invested capital has not changed and the EBIT has not changed. Let's think about earnings per share. As we said previously, earnings per share has remained the same.