QUESTION 6 1 Consider a C corporation. The corporation earns $5 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 82% of its earnings to its shareholders as a dividend. The corporate tax rate is 39%, the tax rate on dividend income is 29%, and the personal income tax rate is set at 286. How much is the total effective tax rate on the corporation earnings? NOTE: Answer in percentages, that is if your answer is 0.40, you must input 40.00. Do not use the "%"sign