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Emerson Inc.'s would like to undertake a policy of paying out 40% of its income. Its latest net income was $1,400,000, and it had 275,000

Emerson Inc.'s would like to undertake a policy of paying out 40% of its income. Its latest net income was $1,400,000, and it had 275,000 shares outstanding. What dividend per share should it declare. Please show work

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