Hayley recently invested $34,000 in a public utility stock paying a 8 percent annual dividend. (Hayley's marginal income tax rate is 32 percent.) Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Required: a. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in eight years if the dividends paid are qualified dividends? b. What will her investment be worth in eight years if the dividends are nonqualified? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. a. Investment worth when dividends are $ 57,550 qualified b. Investment worth when dividends are $ 53,217X nonqualified