Suppose a firm raises $$10$ million from shareholders and uses this cash to pay them $$10$ million in dividends. If the dividend is taxed at a $40\%$ rate, and if capital gains are taxed at a $15\%$ rate, how much will shareholders receive after taxes? The answer is $$7\mathrm{.}5$ million. please explain in details how and which $10$ million are you using.