Change to high$-$dividend$-$payout policy in world of taxes. Kevin currently owns $700$ shares of Cyion, linc Cylon has a low$-$dividend$-$payout policy and this year will pay a $$0\mathrm{.}24$ cash dividend on its shares, which are selling currently at $$2350$ Kevin wants a high$-$dividend$-$payout policy of $7\mathrm{.}5\%$ of the stock price, or $$1,233\mathrm{.}75$ affer tax. Assume Kevin bought the stock at $$17\mathrm{.}50$ per share and his tax rates are $40\%$ on dividends and $30\%$ on capital gains. If Kevin changes the dividend policy from a low$-$dividend$-$payout policy to a high$-$dividend$-$payout policy, how does his wealth change?

What is Kevin's wealth in paper and cash under the current low$-$dividend$-$payout policy?

$$16,450($Round to the nearest dollar.$)$

What is Kevin's wealth in paper and cash under the high$-$dividend$-$payout policy?

$($Round to the nearest dollar.$)$

Change to high$-$dividend$-$payout policy in world of taxes. Kevin currently owns $700$ shares of Cyion, linc Cylon has a low$-$dividend$-$payout policy and this year will pay a $$0\mathrm{.}24$ cash dividend on its shares, which are selling currently at $$2350$ Kevin wants a high$-$dividend$-$payout policy of $7\mathrm{.}5\%$ of the stock price, or $$1,233\mathrm{.}75$ affer tax. Assume Kevin bought the stock at $$17\mathrm{.}50$ per share and his tax rates are $40\%$ on dividends and $30\%$ on capital gains. If Kevin changes the dividend policy from a low$-$dividend$-$payout policy to a high$-$dividend$-$payout policy, how does his wealth change?

What is Kevin's wealth in paper and cash under the current low$-$dividend$-$payout policy?

$$16,450($Round to the nearest dollar.$)$

What is Kevin's wealth in paper and cash under the high$-$dividend$-$payout policy?

$($Round to the nearest dollar.$)$