Your client, Jason, wants to start a share portfolio using the $50,000in equity that he has already saved and possibly combine this withsome borrowed funds. Assume the following:interest rates at 8%grossed-up dividend income of 6%annual capital gain of 4%MTR 37%.What will be Jasons net return in both dollar and percentage terms forthe following levels of gearing if he sells the investment asset a yearand a day after he buys it?(a)100% equity ($50,000 in equity)(b)50% equity ($50,000 in equity and $50,000 in debt)(c)10% equity ($50,000 in equity and $450,000 in debt)