Change to low-dlvidend-payout policy in world of taxes. Scott currently owns 700 shares of Twelve Colonies, Inc. Twelve Colonies has a high-dividend-payout policy, and this year will pay a $2.90 cash dividend on its shares, which are selling currently at $24.50. Assume Scott pays 20% tax on dividend distribution and 20% on capital gains. Also assume Scott originally paid $24.50 for these shares. If Scott wants to receive only $300 after tax, is his wealth affected by changing this dividend policy from a high-dividend-payout policy to a low-dividend-payout policy? What is Scott's wealth in paper and cash under the high-dividend-payout policy? (Round to the nearest dollar.)