Change to low-dividend-payout policy in world of taxes. Refer to Problem 9. Assume Scott…

Change to low-dividend-payout policy in world of taxes._Refer_to Problem_9._Assume Scott pays_20%_tax_on_dividend_distribution and_20%_ on capital_gains._Also assume Scott originally paid_$18_for these_shares._If Scott_wants_to_receive_only_$200_after_tax,_is his wealth affected by changing this_dividend_policy_from_a_high-dividend-payout_policy_to_a_lowdividend-payout_policy?

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