Q-1 (10 points) Taxation of Corporate Earnings. You are a stockholder in ACF Inc. Before the corporation taxes, the corporation earns $6 per share. It distributes the rest of its earnings after taxes to its stockholders as dividends. You are given the following tax rates: Corporate tax rate: 40% Personal tax on dividend income: 30% Personal tax on non-dividend income: 35% (a) How much per share is left to you after all the taxes are paid? (b) If the ACF Inc. has elected subchapter S treatment, how would your answer to (a) change and how much per share is left to you after the taxes