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A firm has EBIT of $920,500.00. Assume that the firm will pay $209,180.00 in interest in the upcoming year. The firm has a corporate tax

A firm has EBIT of $920,500.00. Assume that the firm will pay $209,180.00 in interest in the upcoming year. The firm has a corporate tax rate of 40.00%. The firm has 108,000.00 common shares outstanding.

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

Round to 2 decimals

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