(Cash dividend and taxes) The Barryman Drilling Company was initially planning on repurchasing $1 comma 000 comma 000 worth of the company's 500 comma 000 shares of stock, which is currently trading at a price of $10.00 per share. Stan Barryman is the founder of the company and still holds 10 comma 000 shares of company stock that he originally purchased for $8.00 per share. After consideration, the company is reconsidering its plan to repurchase its common stock and instead plans to pay the $ 1 comma 000 comma 000 as a cash dividend, which amounts to $2.00 per share of common stock. If dividends are taxed at 15 percent, what tax liability does this create for Stan Barryman? What will be Stan's after-tax proceeds from the dividend distribution?

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.