If GMT Transport Company (from the previous problem) plans to reinvest $1 million of its earnings back in the firm and pay out the remainder in cash dividends to the firms shareholders, what is the total amount of the cash dividend?

Sales Cost of Goods Sold (COGS) Operating Expenses Interest Expense Income Tax $ $ $ $ $ 18,000,000 10,800,000 4,000,000 1,500,000 595,000 Income Statement Sales $ Cost of Goods Sold (COGS) Gross Profit $ Operating Expenses EBIT $ Interest Expense EBT $ Income Tax Net Income $ 18,000,000 10,800,000 7,200,000 4,000,000 3,200,000 1,500,000 1,700,000 595,000 1,105,000