question 20

Pineapple, an individual, expects his U.S. based C corporation to generate a profit of $3,600,000. What is Pineapple's after-tax cash flow from the corporation if net income after corporate tax is distributed to him as a dividend? Assume Pineapple's marginal tax rate on ordinary income is 37%, Pineapple's qualified dividend rate is 20%, and the corporate tax rate is 21%