Tom invests $130,000 in a stock paying a 6% annusl dividend. Tom'a ordinary MTR is 32% percent, and Tom's preferential (LTCG) tax rate is 15% percent.

If Tom reinvests the annual dividend that he recieves net of any taxes owed on the dividend, how much will his investment be worth in 4 years? Assume the dividends are qualified dividends. Round your answer to the nearest whole number.

2023 Tax Rate Reference Sheet 2023 Tax rates for LTCG and aualifvina dividends. based on total taxable income. Additional 3.8% net investment income tax applies at threshold levels (\$200,000 for single and $250,000 for ramed fling joint) 2023 Tax Rate Reference Sheet 2023 Tax rates for LTCG and aualifvina dividends. based on total taxable income. Additional 3.8% net investment income tax applies at threshold levels (\$200,000 for single and $250,000 for ramed fling joint)