Since the Tax Relief Act of 2003,if a Corporation Has

Since the Tax Relief Act of 2003,if a corporation has pre-tax earnings of $110,000 while the corporation is subject to a 35% income tax rate and an investor is subject to a 35% personal tax rate and a 15% capital gains tax rate,then what is the after-tax income that the investor could capture if all of the firm's earnings are paid out in dividends?

A) $93,500
B) $71,500
C) $60,775
D) $46,475