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Given below is some data regarding the capital structure of three firms. table [ [ , Firm A , Firm B , Firm C

Given below is some data regarding the capital structure of three firms.
\table[[,Firm A,Firm B,Firm C],[Debt,$100,000,$200,0
McGraw Inc. has declared a $3.00 dividend per share. Suppose capital gains are not taxed, but dividends are taxed 10%. New IRS regulations require that taxes be withheld when the dividend is paid. The company's stock sells for $30 per share and is about to go exdividend. What should the ex-dividend share price be?
a) $27.30
b) $33.00
c)32.70
d) $27.00
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