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Ersatz Solutions posted annual sales of $ 5 0 3 , 6 7 3 . 0 0 , COGS of $ 1 2 2 ,

Ersatz Solutions posted annual sales of $503,673.00, COGS of $122,149.00,
fixed costs of $60,524.00, depreciation expense of $204,900.00, and interest
expense of $46,000.00. At a corporate tax rate of 21% and a dividend payout
policy of 12%, what will its dividends be?
$7,402.56
$6,645.58
$14,721.00
$11,006.28
$12,383.16
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