10 points Save Arower QUESTION 2 Consider a C corporation. The corporation earns $4 per share before taxes. After the corporation has paid is corresponding taxes, it will distribute 85% of its earnings to its shareholders as a dividend. The corporate tax rate is 36 M. the tax rate on dividend income is 29, and the personal income tax rate is set at 26% How much is the total effective tax rate on the corporation earnings NOTE: Answer in percentages, that is it your answer is 0.40, you must input 40.00. Do not use the "W"sign