d'Anconia Copper has $200 million in cash that it can use for a share repurchase. Suppose instead that d'Anconia Copper invests the funds in an account paying 5\% interest for one year. Assume that the corporate tax rate is 21%, the individual capital gains rate is 15% and the individual rate on ordinary income is 32%. a) Find the amount of additional cash that d'Anconia Copper will have at the end of the year net of corporate taxes b) Net of capital gains taxes, find the increase in value of equity of d Anconia Copper c) Net of ordinary income taxes, what is the amount that investors would have if they invested the $200 million on their own? d) Find the break-even value of EFFECTIVE (after-tax) fees at which d'Anconia's shareholders are indifferent between the company's retaining the cash and paying it out