11. What is the after-tax liquidation proceeds from selling remaining shares 5 years after the stock repurchase? (0.5 points) 12. What is the difference in the after-tax liquidation proceeds between the two scenarios? Note that this difference is occurring at time 5 instead of time 0, so you need to calculate the present value of the difference using discount rate of 10%. (0.5 points) 13. Do you think your preference changes depending on your investment horizon? If so, how? (0.2 points)