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April recently inherited $500,000. April would like to invest the money and receive an annual after-tax retum of $30,000 on the investment income. A number

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April recently inherited $500,000. April would like to invest the money and receive an annual after-tax retum of $30,000 on the investment income. A number of investment alternatives are available to April. April's tax rates are 45% on interest, 28% on eligible dividends, 37% on non- eligible dividends, and 23% on capital gains. Required A. Determine the amount of taxable income that April will need to receive in order to realize a $30,000 after-tax retum from: () interest (ii) eligible dividends (111) non-eligible dividends, and (iv) capital gains

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