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Consider a C corporation. The corporation earns $4 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 84% of

Consider a C corporation. The corporation earns $4 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 84% of its earnings to its shareholders as a dividend. The corporate tax rate is 36%, the tax rate on dividend income is 27%, and the personal income tax rate is set at 29%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid?

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