Explain their purpose, their role in managing the capital structure of a company and identify any ethical challenges presented by this practice by companies citing relevant examples.

Capital budgeting techniques

QUESTION 1:(LO1) Presentation:
Share buybacks(also known as open-market repurchases —aka “stock buybacks)a. Research the nature of share buybacks.
Explain their purpose, their role in managing the capital structure of a company and identify any ethical challenges presented by this practice by companies citing relevant examples.
From your research of Woolworths Groups recent buyback offer(Source 2) and other sources, present a case from the point of view of an investor for or against participating in this particular buyback. Ensure that you take into consideration the effect on capital structure and the goal of shareholder wealth.