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Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 95% of

"Consider a C corporation. The corporation earns $2.5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 95% of its earnings to its shareholders as a dividend. The corporate tax rate is 30%, the tax rate on dividend income is 20%, and the personal income tax rate is set at 28%.

(A) What are the shareholder's earnings from the corporation after all corresponding taxes are paid?

(B) How much is the total effective tax rate on the corporation earnings?

Note: Express your answers in strictly numerical terms.For example, if the answer is 5%, enter 0.05 as an answer and Round each answer to the third decimal space

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