There are three production stages required before a bicycle produced by Masi Bicicletia S.A.can be sold at retail for €3,500.The VAT rate is 15%.Find the total tax liability due. 
Definitions:
Extra Dividends
Dividends paid in addition to the expected regular dividends during a fiscal year, often signaling strong company performance.
Common Stockholders
Investors who own common shares in a company, having rights to vote at shareholders' meetings and to receive dividends.
Compensatory Stock Option Plan
A plan that provides employees the option to purchase company stock at a discounted price as part of their compensation.
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