(2) (25 points) Suppose there are three types of investors with the following tax rates:- Dividends Capital gains Individuals 50% 15% Corporations 5% 35% Institutions 0% 0% Amount of investments: Individuals: $ 80 billion. Corporations $10 billion. Institutions hold $180 billion amount. All three groups seek to maximize their after-tax income. These three investors can choose from three types of stocks offering the following pre-tax payouts: Dividends Capital gains Low Payout $52 $154 Medium Payout $52 $52 High Payout $302 $ 0 The payoffs are expected to last forever. The low payout stocks have a total market value of $100 billion. The medium payout stocks have a total market value of $50 billion. The high payout stocks have a total market value of $120 billion. Problem: What are the dollar amount of the three types of stock held by each investor group. You should fill in the following table. Low Payout Medium Payout High Payout 4 Individuals Corporations Institutions