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Reptiles Inc earns $7.5 per share before taxes and faces an average tax rate of 19.5%. After it has paid taxes, Reptiles will distribute all

Reptiles Inc earns $7.5 per share before taxes and faces an average tax rate of 19.5%. After it has paid taxes, Reptiles will distribute all its earnings as dividend. The shareholder faces a tax rate of 25% on dividend income. What is the shareholders after-tax cashflow from dividend?

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