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Greater Camak Properties, Inc. last year generated: Rental income $210,000 Interest, taxes, and depreciation allocable to rent 130,000 Dividends 45,000 Section 1231 gains 20,000 What

Greater Camak Properties, Inc. last year generated:

Rental income $210,000
Interest, taxes, and depreciation allocable to rent 130,000
Dividends 45,000
Section 1231 gains 20,000

What is the minimum dividend payment necessary to negate any personal holding company tax?

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