You manage a (tax-free) pension fund that is invested in KOA Corporation. KOA's managers have just announced that they unexpectedly generated an extra $50 million in cash flow this year. They are considering paying it out now as a special dividend or investing it in one-year Treasury securities that will earn 1.0% interest over the next year. They would then distribute the $50 million plus interest earned as a special dividend. If OA pays a 35% corporate tax rate, would you prefer they pay the $50 million as a special dividend now or wait a year? If KOA pays the special dividend immediately, you can then choose to invest in the same one-year Treasury securities and earn Smillion. (Round to two decimal places.) If KOA invests in the one-year Treasury securities, they will have to pay taxes and so will only be able to pay out $million. (Round to two decimal places.) Thus, you would prefer they pay the $50 million as a special dividend .(Select from the drop-down menu.)