Homework: Chapter 17 Homework Save Score: 0 of 1 pt 9 of 14 (1 complete) companies D Hw Score:7 14, 16 HW Score: 7.14%, 1 of 14 pts P17-11 (similar to) Question Help O Change to low-dividend-payout policy in world of taxes. Scott currently owns 500 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 $23.50. Assume Scott pays 25% tax on dividend distribution and 25% on capital gains. Also assume Scott originally paid $23.50 for these shares. If Scott wants to receive only $100 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.)