Robert wants to purchase 1,000 shares of MMT Corporation for $15 per share. The MMT Corporation shares have declared a $0.03/share monthly income dividend to be paid out over the next year. Robert has $7,500 for investing today, but he carries a Home-owner line of credit (HELOC) where he could borrow the remaining cash required to invest in MMT. Robert has a MTR of 36% and is interested in what his after-tax rate of return might be. The interest on the line of credit is currently 4.5% and is expected to remain at that level. He has heard of "leveraged investing" and his curious about what it means for him and his investment strategy. Fill in the chart below to demonstrate to Robert, through calculations, what the potential range of returns could be on the investment if he purchases half with his own money, and borrows an additional $7,500 from his HELOC to buy MMT stocks. For the best case" projections, assume the stock rises to $20 over the next 12 months and for the "worst case" projections, assume the stock drops to $10 over the next 12 months. (Assume simple annual interest on the loan for both scenarios) ***DEMONSTRATE THE "LEVERAGED"SCENARIO ONLY Font Size Font Famil 1 Format BIU - HI Font Famil Font Size Best Case Scenario Worst Case Scenario Capital Gain/Loss Capital Gain/Loss Capital Gain Tax Capital Gain Tax Income Distribution Income Distribution Borrowing cost Borrowing cost Tax on Distribution Tax on Distribution After-tax Net After-tax Net After-tax Rate of Return After-tax Rate of Return