question 13

ce a quick edit before renewing your subscription, learn more about the Office Web Apps. Learn More 13) Valiant Corp. is a C corporation that earned $3.4 per share before it paid any taxes. Valiant Corp. retained 31 of after-tax earnings for reinvestment and distributed what remained in dividend payments. If the corporate tax rate was 35% and dividend earnings were taxed at 12.5%, what was the value of the dividend earnings received after-tax by a holder of 100,000 shares of Valiant Corp.? A) $105,875 B) $127,050 C) $148.225 D) $84,700 Time Value of Money: An Introduction 1T1 tant