What is the post tax dividend received by an investor who pays tax at 42% when they own 312 shares in a company that has delivered an earnings per share of $55.32 of which 12.5% is not subject to Australian tax (ie franking credit is 87.5%), when the company tax rate is 28%, and the dividend payout ratio is 72.5%?

a) 23.26

b) 7 ,256.11

c) There is insufficient information to answer this question

d) 7,258.13