Kraftstoff of Germany. Kraftstoff is a German-based company that manulactures electronic fues injection carburetor assemblies for several larga a utomcbile companies in Germary. including Mercedes, BMW, and Opel The tem, like many firms in Germany today, is rovising its financial polices in ine with the increasing degree of disclosure required by tirms if they wish fo list their shares publicly in of out of Germany Kraftstoffs primary probiem is that the German corporate income tax code applies a different income tax rate to income depending on Whether it is retained (47\%) or dislibufed to stockholders (32\%). The company's eamings before thx (FBT) is 464,000,000 a. If Krafstoff pianned to distribute 50% of its net income, What would be its fotal net income and total corporate lax bills? b. If Krolistofl was atiompting to choose botween a 40 as and 60% payout rate to stockhoiders. what atguments and values wodd management tisen in ordet fo comince sifocktolders which of the fwo payouts is in everyone's bout interest? a. It Krattstoff planned to disitibute 50 of its net income, calcifate tis iotal net ncome and toati corporate tax bills in the following tablo: (Round to the nearost abcie euro)