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Raviv Industries has $124 million in cash that it can use for a share repurchase. Suppose instead Raviv invests the funds in an account paying 8% interest for one year. a. If the corporate tax rate is 36%, how much additional cash will Raviv have at the end of the year net of corporate taxes? b. If investors pay a 30% tax rate on capital gains, by how much will the value of their shares have increased, net of capital gains taxes? c. If investors pay a 33% tax rate on interest income, how much would they have had if they invested the $124 million on their own? d. Suppose Raviv retained the cash so that it would not need to raise new funds from outside investors for an expansion it has planned for next year. If it did raise new funds, it would have to pay issuance fees. How much does Raviv need to save in issuance fees to make retaining the cash beneficial for its investors? (Assume fees can be expensed for corporate tax purposes.) a. If the corporate tax rate is 36%, how much additional cash will Raviv have at the end of the year net of corporate taxes? If the corporate tax rate is 36%, the additional cash will be $ million. (Round to three decimal places.) b. If investors pay a 30% tax rate on capital gains, by how much will the value of their shares have increased, net of capital gains taxes? If investors pay a 30% tax rate on capital gains, the value of their shares will increase by $ million. (Round to three decimal places.) c. If investors pay a 33% tax rate on interest income, how much would they have had if they invested the $124 million on their own? If investors pay a 33% tax rate on interest income and they invested the money on their own, investors will have $ million. (Round to three decimal places.) d. Suppose Raviv retained the cash so that it would not need to raise new funds from outside investors for an expansion it has planned for next year. If it did raise new funds, it would have to pay issuance fees. How much does Raviv need to save in issuance fees to make retaining the cash beneficial for its investors? (Assume fees can be expensed for corporate tax purposes.) The amount that Raviv needs to save in issuance fees is $ million. (Round to three decimal places.)