The buyback is finalized. The market value of the shares at all relevant times leading up to the buyback is $31 per share. The buy-back price was $28 per share ($5 debit to share capital account, with the rest paid from retained earnings). . Any deemed dividend component of the buy-back payment would be fully franked. Using the template table attached, calculate the consequences per share of participating in the buy-back per share for three kinds of entities (individual, superannuateon fund, and company). Calculate the income tax consequences (including capital gains), and net cash consequences of participating in the buy-back compared to selling the shares at the market value. Assume the relevant shares were acquired at a value of $20 each 2 years ago. To assist you we have calculated the tax consequences of selling the shares at the market value in table 1