TASK 3' UPL's shareholders may or may not wish to participate in the buyback depending on the potential tax impacts. This will depend on various factors, including the entity type and tax rate of the shareholder and the cost base of their shares. Assume the following facts and respond to the task below: ' The buyback is nalized. The market value of the shares at all relevant times leading up to the buyback is $31 per share. ' The buyback price was $28 per share ($5 debit to share capital account, with the rest paid from retained earnings). - Any deemed dividend component of the buyback payment would be fully franked. Using the template table attached. calculate the consequences per share of participating in the buyback per share for three kinds of entities ndividual. superannuation fund. and company). Calculate the income tax consequences (including capital gains). and net cash consequences of participating in the buy-back compared to selling the shares at the market value. Assume the relevant shares were acquired at avalue of $20 each 2 years ago. To assist you we have calculated the tax consequences of selling the shares at the market value in table 1