Andy Griffin would like to invest $150,000 in Foreign Co., which was founded and operates in a foreign country. This Investment would give Andy 25% ownership of the company. An annual dividend of $15.000 (Canadian funds) is anticipated. Andy's personal marginal tax rate is 45% on regular Income, 28% on eligible dividends, and 37% on non-eligible dividends. The forelgn company is subject to a tax rate of 38% on all business income. Any dividends recelved by Andy personally, will be subject to a 15% withholding tax Required: A. Determine the total tax liability (foreign and Canadian) that Andy will be subject to upon receiving dividends from Foreign Co. B. How would your answer in A change if Andy established a Canadian holding company to purchase the shares. (subject to a 5% withholding tax on dividends recelved? C. Determine Andy's after-tax proceeds be if he received eligible dividend income from the holding company