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na Change to high-dividend payout policy in world of taxes. Kevin currently owns 700 shares of Cylon, Inc. Cylon has a low dividend payout policy

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na Change to high-dividend payout policy in world of taxes. Kevin currently owns 700 shares of Cylon, Inc. Cylon has a low dividend payout policy and this year will pay a 50.39 cash dividend on its shares, which are selling currently at $22.00. Kevin wants a high-dividend payout policy of 6% of the stock price, or $924.00 after tax Antume Kevin bought the stock at $17.00 per share and his tax rates are 40% on dividends and 30% 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 Kevin's wealth in paper and cash under the current low-dividend payout policy? (Round to the nearest dollar) ary ator res Modul

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