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A C corporation earns $8.1per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal

A C corporation earns $8.1per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on nondividend income is 36%. What is the total amount of taxes paid if the company pays a $5 dividend?

A. $4.69

B. $3.13

C. $3.91

D. $5.47

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