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QUESTION 5 Consider a C corporation. The corporation earns $7 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute

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QUESTION 5 Consider a C corporation. The corporation earns $7 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 80% of its earnings to its shareholders as a dividend. The corporate tax rate is 41%, the tax rate on dividend income is 29%, and the personal income tax rate is set at 27%, What are the shareholder's earnings from the corporation after all corresponding taxes are paid? NOTE: Do not use a dollar sign. If your answer is $5.21, input 5.21

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