What is the product,W,of the following reaction sequence? 
Definitions:
Precious Metals
Metals of high economic value such as gold, silver, platinum, and palladium, often used in jewelry, industrial applications, and as investment.
Dividend-payout Policy
A company's approach to distributing earnings to its shareholders, either in the form of cash dividends or stock repurchases.
Marginal Tax Bracket
The tax rate that applies to the last dollar of the taxpayer's income, indicating the rate at which additional income will be taxed.
After-tax Return
The profit from an investment after all taxes have been subtracted, indicating the net gain to the investor.
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