1. Assume Jill is in 24% marginal tax rate for next 4 years, for every year 2021 to 2024 implying that for every extra dollar earned, Jill would pay $0.24 in income taxes.

Today is January 1, 2021, and Jill invests $87,155 in shares of Dettol Corporation.

She will receive dividends as follows:

• On 12/31/2021 she receives $2.00 per share
• On 12/31/2022 she receives $3.00 per share
• On 12/31/2023 she receives $5.00 per share
• On 12/31/2024 she receives $2.00 per share

On January 1, 2025 Jill sells the company shares at $65.00 each.

Assume Jill pays no capital gains tax when she sells the stock in 2025.

Assume Jill pays tax on dividends at the marginal tax rate.

Jills required after tax rate of return is 15%.

How many shares of Dettol Stock does Jill Own? Ignore commission.

(Hint: obtain the stock value on 1/1/2021 and dont ignore taxes)