B is the correct answeer!!!!!!!!!!!!!!!!!!!!!!!!

AllCap Inc. has recently competed an off$-$market share buyback under tax determination

TD$2004/22.$ On $15$th March $2023,$ AllCap announced the buyback price to be $$20\mathrm{.}00$ per

share, with a capital component of $$6\mathrm{.}00.$ The buyback closed on $30$th March $2023.$ The $5-$day

VWAP prior to the announcement was $$21\mathrm{.}00$ per share. The market index increased by $2\%$

from the announcement to the closing day. AllCap pays $35\%$ corporate tax rate.

Will is an Australian resident for tax purpose with a personal tax rate of $40\%.$ He bought $500$

shares of AllCap at $$18\mathrm{.}00$ per share on $2$nd February $2023$ and sold all of them in the

buyback. Which of the following is closest to his after$-$tax proceeds from the capital

component of his sale? $($round to the nearest $2$ digits.$)$

a$)$ $$4058\mathrm{.}00$

b$)$ $$5116\mathrm{.}00$

c$)$ $$5400\mathrm{.}00$

d$)$ $$4200\mathrm{.}00$