Kraftstoff of Germany. Kraftstoff is a German-based company that manufactures electronic fuel-injection carburetor assemblies for several large automobile companies in Germany, including Mercedes, BMW, and Opel. The firm, like many firms in Germany today, is revising its financial policies in line with the increasing degree of disclosure required by firms if they wish to list their shares publicly in or out of Germany Kraft to s primary problem s that the German corporate ncome tax code applies a diferent income a rate o income depending on whether it is retained 40% or distributed to stockholders 32%). The co pany's earnings before tax EBT is 483,500,000. a. If Kraftstoff planned to distribute 50% of its net income, what would be its total net income and total corporate tax bills? b Kraftstoff was attempting to choose between a 4 % and 60 payout rate to stockholders, what arguments and values would management usein order o convince stockholders which o the two payouts is in everyone's best interest? a. If Kraftstoff planned to distribute 50% of its net income, calculate its total net income and toatl corporate tax bills n the follo ing table: Round to the nearest whole euro. 50% payout Kraftstoff's Income Items Earnings before taxes (EBT) Less income taxes at 32% Net income 483,500,000 Distributed income Less added distributed income taxes After-tax distributed income Retained income Less added retained income taxes After-tax retained income Total after-tax net income Total income taxes