Unicorn Inc. is an Australian listed firm that pays corporate tax rate of 30%. Unicorn recently conducted an off-market share buyback under tax determination TD2004/22. On 10^th March 2022, Unicorn announces the buyback price to be $18.40 per share with a fully franked dividend of $13.50. The buyback closed on 5^th April and Unicorns relevant 5-day VWAP was $18.85. The general market also decreased by 0.5% over the relevant time period.

Alan Smith is an Australian resident for tax purpose with a marginal tax rate of 45%. He sold 800 Unicorn shares (purchased at $10.25 per share on 21^st February 2020) into the buyback. Which of the following is closest to his after-tax proceeds from the capital component of his sale?

Group of answer choices

$4,515.86

$4,818.97

$4,774.19

$4,655.18

$3,960.00