(c) On 2 October 2018, Alpha declares a dividend of $12,000,000, as they have a large amount of retained profits. Assume that apart from the transactions previously stated in this question, there have been no other transactions that affected the franking account. Calculate the maximum franking credit that Alpha can attach to this dividend. Assuming Alpha does not want the franking account to go into deficit at the time the dividend is paid, advise Alpha of the percentage to which it should frank the dividend