please answer all parts!

Change to high-dividend-payout policy in world of taxes. Kevin currently owns 1,000 shares of Cylon, Inc. Cylon has a low-dividend-payout policy and this year will pay a $0.39 cash dividend on its shares, which are selling currently at $23.50. Kevin wants a high-dividend-payout policy of 7.5% of the stock price, or $1.762.50 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 chango? What is Kevin's wealth in paper and cash under the current low-dividend-payout policy? (Round to the nearest dollar)