(Stock repurchase and taxes) The Barryman Drilling Company is planning on repurchasing $1.09 million worth of the company's 500,000 shares of stock, which is currently trading at a price of $10.85 per share. Stan Bar for $7.88 per share. If Stan decides to sell 2,200 of his shares for $10.85 a share, what will be his after-tax proceeds where capital gains are taxed at 15 percent? ryman is the founder of the company and still holds 12,000 shares of company stock that he originally purchased Stan's after-tax proceeds from the sale are s (Round to the nearest dollar.)