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I already got 18,800 for the low dividend payout. Please just calculate WITH MY NUMBERS the high dividend payout and find the multiple choice. I've

image text in transcribedimage text in transcribedI already got 18,800 for the low dividend payout. Please just calculate WITH MY NUMBERS the high dividend payout and find the multiple choice. I've spent so long on this.

Change to high-dividend-payout policy in world of taxes. Kevin currently owns 800 shares of Cylon, Inc. Cylon has a low-dividend-payout policy and this year will pay a $0.27 cash dividend on its shares, which are selling currently at $23.50. Kevin wants a high-dividend-payout policy of 8% of the stock price, or $1,504.00 after tax. Assume Kevin bought the stock at $18.50 per share and his tax rates are 35% on dividends and 20% on capital gains. If Kevin changes the dividend policy from a low-dividend-payout policy to a high-dividend-payout policy, how does his wealth change? What is Kevir's wealth in peper and cash under the current low-dividend-payout policy? 5 (Round to the nearest dollar.) What is Kevin's wealth in paper and cash under the high-dividend-payout policy? S (Round to the nearest dollar.) If Kevin changes the dividend policy from a low-dividend-payout policy to a high-dividend-payout policy, how does his wealth change? (Select the best response.) A. Kevin's wealth will not change under the different dividend policies. B. Kevin's wealth will increase from the sale of shares. C. Kevin's wealth will decrease by the amount of cepital gains tax for the sale of shares

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