please answer this question

Suppose that there are three types of investors with the following tax rates: - Individuals Individuals invest a total of $80 billion in stock and corporations invest $10 billion. The remaining stock is held by the institutions. All three groups simply seek to maximize their after-tax income. These investors can choose from three types of stock offering the following pre-tax payouts per share: _- Mediumpayout High-aim: _-_-!l These payoffs are expected to persist in perpetuity. The lowpayout stocks have a total market value of $100 billion, the medium-payout stocks have a value of $50 billion, and the high payout stocks have a value of $120 billion. Assume that the marginal investors that determine the stock prices are the institutional investors, and they require 12% after-tax returns. Calculate the after-tax returns of the three types of stock for each investor group. Show all work to receive marks. No marks will be given for answers without justication. (Round to the nearest hundredth. e.g., 0.16666 must be expressed as 0.17). For institutions, after-tax returns are: (1 mark) For low-payout stock: r = [A]% For medium-payout stock: r = [B]% For high-payout stock: r = [C]% For individuals, after-tax returns are: (1 mark) For low-payout stock: r = [D]% For medium-payout stock: r = [E]% For high-payout stock: r = [F]% For corporations, after-tax returns are: (1 mark) For low-payout stock: r = [G]% For medium-payout stock: r = [H]% For high-payout stock: r = [I]%