Melody lives under an imputation tax system. Her income tax rate is 35%, which applies to all of her income, including wages, interest income and dividend income. Melody owns 1000 shares of Orica Inc. Orica Inc. has 2.5 billion shares outstanding and had taxable income of $2 billion. Orica corporate tax rate is 30% and its payout ratio is maintained at 78%. Assuming all dividends paid are fully franked, how much more tax need to be paid by Melody if she had lived under a classical tax system? (Round to the nearest two digits) Group of answer choices

$31.20

$152.88

$121.68

None of the other answers

$187.20