b$.$ Assume in Stage IV that an investor owns $280$ shares and is in a $15$ percent tax bracket. What will be the investor's aftertax income

from the cash dividend?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Affertax income

c$.$ In what two stages is the firm most likely to utilize stock dividends or stock splits?

Note: Select two answers. Single click the box with the question mork to produce a check mark for a correct answer and double

click the box with the question mark to empty the box for o wrong answer.

$12$ Stage I

$12$ stage II

$7$ Stoge ill

Stoge IV