2. Determine the after-tax dividend per 100 shares fir the following shareholders of an Australian company that pays tax, at 30%, on 80% of its earnings generates a profit of 175 million, has 1 million shares on issue, and pays out all its earnings as dividends:

a) a charity (ie pays 0% tax)

b) A superannuation fund (ie pays 10% tax on dividends)

c) An individual that pays at 30%

d) An individual that pays tax at 45%