17. Jensen Ltd is a firm that provides educational services tin the Australian marketplace. It is a listed company with 35,000,000 shares on issue. Jensen Ltd has just announced the results for the 2020/2021 financial year ending 30 June 2021. They report taxable income of $50,000,000 upon which they will be required to pay corporate tax at a rate of 30%. Jensen Ltd has a policy of distributing 75% of after- tax income as dividends. Paul is an Australian resident who owns 10,000 shares in Jensen Ltd and pays tax at a marginal rate of 45%. Document the total value of the dividend paid by Jensen Ltd to Paul ensuring that you account for the impact of both corporate and personal taxes. [10 marks]