Hayley recently invested & 23,000 in public utility stock paying a 6% annual dividend (Hayley marginal income tax rate is 32% and preferential tax rate is15%)

(A) if Hayley reinvested the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in five years if the dividend paid are qualified dividends.

(B) what will her investment be worth in five years if the dividend are non qualified