Under the M&M model with taxes

CJC corporation is scheduled to pay a dividend of $1 per share. Dutch, an investor, owns 1000 shares. CJC stock is $100 per share.

CJC corporation announces that they will suspend all dividend payments. Dutch decides that he will manufacture a dividend such that he will generate $1000 from his CJC stock holding. If Dutch bought his CJC stock at $100, and he faces a tax rate of 30%, how much will Dutch keep after accounting for taxes?

A. $970

B. $930

C. $700

D. $1000