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A firm pays a fully franked cash dividend of $100 to one of its Australian shareholders who has a personal marginal tax rate of 40%.

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A firm pays a fully franked cash dividend of $100 to one of its Australian shareholders who has a personal marginal tax rate of 40%. The corporate tax rate is 30%. What will be the shareholder's personal tax payable due to the dividend payment? O a. 15 O b. 14.2857 O c. 21.4286 O d. 57.1429 O e. 10

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