Calculate the after-tax return for James, who has an effective tax rate of 35%, as a result of the following investments in KUP a Canadian public company, SUF a CCPC, and WEF a publicly traded American company.

• Jan. 1 Purchased 200 KUP shares for $10 per share
• Jan. 31 Purchased 100 SUF shares for $12 per share
• Feb. 1 Purchased 100 KUP shares for $13 per share
• Mar. 31 The KUP shares paid a $1.00 per share dividend
• May 31 Sold 100 SUF shares for $8 per share
• Jun. 15 Purchased 75 SUF shares for $6 per share
• Jul. 30 The SUF shares paid a $0.50 per share dividend
• Aug. 1 Purchased 400 WEF shares for $5 CAD per share
• Sept. 1 The WEF shares paid a $0.25 CAD per share dividend
• Sept. 30 Sold the WEF shares for $7.50 CAD per share
• Nov. 30 When the KUP shares were trading for $15 per share gave 100 shares to his 16 year old daughter, 100 shares to his 20 year old daughter and 100 shares to his spouse.
• Dec. 1 The KUP shares paid a $1.00 per share dividend
• Dec. 15 Both daughters sold all the KUP shares for $16 per share.
• Dec. 31 His spouse sold all the KUP shares for $17 per share.

• James also owned two small businesses: a food truck business and a car wash.

• The food truck business he started two years ago as sole shareholder with an investment of $100,000. The money was used to build a food truck and fund the business startup. In October he sold all the shares to one of his cooks for $120,000.

The car wash business he purchased for $750,000 three years ago. The business consisted of one lot with the car lot on it and second lot that was vacant which the original owner had intended to use for a used car sales lot. Both lots had a land value of $200,000. The vacant lot had cost him $10,000 a year in property taxes and interest which he was able to offset with the occasional rental to the movie industry when they needed to store their trailers. He earned $20,000 in total over the three years from rental income. He sold the vacant lot in September for $6000,000. The buyer paid him $150,000 down and signed a loan to pay $150,000 principal and $7,500 interest per year for three years.