XYZ, Inc.is currently a "regular" corporation. The shareholders are thinking about becoming changing XYZ to an S Corporation. XYZis owned by 10 stockholders who each hold 10% of the stock, and each faces a personal tax rate of 25%. The firm earns $10,000,000 per year before taxesand pays out all of its earnings as dividends. Assume that the corporate tax rate is 21% and the personal tax rate is 25%. How much more (or less) spendable income would each stockholder have if the firm elected S Corporation status?