Explain your answers with Qualitative and Quantitative support using specific financial rations, trends, etc. 1. Describe Yahoo!’s business model. Based on the financial information found in Exhibit 2.4, does Yahoo! have a competitive advantage? Is its business model working? How do you know if it’s working or not? 2. Mayer is planning to spin off Yahoo!’s holdings in Alibaba. The spin-off is projected to provide Yahoo! with pretax capital gains of $20 billion. What should it do with the proceeds? What portion of the proceeds should she allocate to the turnaround strategy, and how much should be returned to shareholders through dividends?