Please provide complete step-by-step explanation. Thanks!

Jack and Jill are in the highest marginal tax bracket in Ontario and have maxed-out both their TFSA and RRSP. They have no more room in either tax-shelters and are in the 54% marginal tax rate on ordinary income and interest income and 27% on all realized capital gains. Now, assume Jack decides to invest $100,000 in a stock based mutual fund that earns a constant 5% pre-tax, but the fund is highly inefficient and realizes the entire return in capital gains every year. In contrast, Jill invests $100,000 in an extremely tax-efficient stock based mutual fund that earns a constant 4% pre-tax in unrealized capital gains each-and-every year. Both Jack and Jill withdraw and plan to spend the money from this account (taxable bucket) in 10 years. Question: Who has more money on an after-tax basis? Jack or Jill? Make any assumptions you think are necessary to answer this question, but that do not change the nature of the question.