The directors of Jimminy Ltd are a little unsure what they should do in regard to their final dividend. They declared a dividend in November for shares that were partially franked to 50% and were hoping to do the same for shareholders again. They want to give a dividend of $1million, but are unsure if the franking account balance with a franking credit of $350,000 can sustain the fully franked dividend and whether this would breach the benchmark rule? , identify the taxation issue, quantify it, and state whether corrective actions must be taken, referring to appropriate tax legislation.