You own 100 shares of a corporation that earns $10.00 annually per share The corporation pays out all its income either in taxes or as a dividend. The corporate tax rate is 30% annually and your personal income tax rate is 40%. The tax rate on corporate dividends is 20%. Assume you hold the shares for the entire year. a. What is the dividend you receive if the corporation is a C Corp? b. What is your after-tax annual return if the C Corp shares are worth $100 each at the end of the year, and you purchased them at the same price one year earlier? C. What is the dividend you receive if the corporation is an S Corp? d. What is your after-tax annual return if the S Corp shares are worth $100 each at the end of the year, and you purchased them at the same price one year earlier? e. What is the percentage reduction in your return by investing in a C Corp versus an S Corp if the companies are otherwise the same