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A firm has EBIT of $908,700.00. Assume that the firm will pay $205,070.00 in interest in the upcoming year. The firm has a corporate tax

A firm has EBIT of $908,700.00. Assume that the firm will pay $205,070.00 in interest in the upcoming year. The firm has a corporate tax rate of 38.00%. The firm has 105,000.00 common shares outstanding.

A.) What is the net income for the firm?

B.) If the firm pays a 20% dividend, what are the dividends per share?

C.) If the firm pays a 20% dividend, how much is added to retained earnings?

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