After completing its capital spending for the year, Carlson Manufacturing has $$1,200$The owners' equity accounts for Vulcano International are shown here:

a$-1.$ If the company declares a two$-$for$-$one stock split, how many shares are outstanding

now? $($Do not round intermediate calculations.$)$

a$-2.$ What is the new par value per share? $($Do not round intermediate calculations and

round your answer to $3$ decimal places, e$.$g$.,32\mathrm{.}161.)$

b$-1.$ If the company declares a one$-$for$-$four reverse stock split, how many shares are

outstanding now? $($Do not round intermediate calculations.$)$

b$-2.$ What is the new par value per share? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

extra cash. Carlson's managers must choose between investing the cash in Treasury

bonds that yield $2$ percent or paying the cash out to investors who would invest in the

bonds themselves.

a$.$ If the corporate tax rate is $22$ percent, what personal tax rate would make the

investors equally willing to receive the dividend or to let Carlson invest the money?

$($Do not round intermediate calculations and enter your answer as a percent

rounded to the nearest whole number, e$.$g$.,32.)$