VPS Ltd paid a fully-franked dividend of $0.14 per share on 15 November 2021 . On the record date you owned 1000 VPS shares. VPS had a dividend reinvestment plan in operation at the time. Share were allocated under the DRP based on a market price of $5.0695, with no discount applicable. The marginal tax rate was 35% and the corporate tax rate was 25%. a) What would be your before-tax dividend have been if you did not participate in the DRP? (1 mark) b) What would your after-tax divided have been if did not participate in the DRP? (3 marks) c) How many shares would have received under the DRP if nominated 100% of shares to participate in the DRP? (1 mark) d) How much income tax would have been payable in respect of the shares allocated under the DRP? (3 marks) VPS Ltd paid a fully-franked dividend of $0.14 per share on 15 November 2021 . On the record date you owned 1000 VPS shares. VPS had a dividend reinvestment plan in operation at the time. Share were allocated under the DRP based on a market price of $5.0695, with no discount applicable. The marginal tax rate was 35% and the corporate tax rate was 25%. a) What would be your before-tax dividend have been if you did not participate in the DRP? (1 mark) b) What would your after-tax divided have been if did not participate in the DRP? (3 marks) c) How many shares would have received under the DRP if nominated 100% of shares to participate in the DRP? (1 mark) d) How much income tax would have been payable in respect of the shares allocated under the DRP