Consider a C corporation. The corporation earns $3 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 86% of its earnings to its shareholders as a dividend. The corporate tax rate is 42%, the tax rate on dividend income is 27%, and the personal income tax rate is set at 25%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid? NOTE: Do not use a dollar sign. If your answer is $5.21, input 5.21 . QUESTION 6 Consider a C corporation. The corporation earns $8 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 82% of its earnings to its shareholders as a dividend. The corporate tax rate is 35%, the tax rate on dividend income is 26%, and the personal income tax rate is set at 23%. How much is the total effective tax rate on the corporation earnings? NOTE: Answer in percentages, that is if your answer is 0.40 , you must input 40.00 . Do not use the "\%" sign