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A C corporation earns $ 8.00 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and

A C corporation earns $ 8.00 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $ 4 dividend?

A. $4.46

B. $3.72

C. $2.98

D. $5.21

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