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Valiant Corp. is a C corporation that earned $ 3 . 5 $ 3 . 5 per share before it paid any taxes. Valiant Corp.

Valiant Corp. is a C corporation that earned $ 3.5$3.5 per share before it paid any taxes. Valiant Corp. retained $1 of afterminustax earnings for reinvestment and distributed what remained in dividend payments. If the corporate tax rate was 3030% and dividend earnings were taxed at12.5%, what was the value of the dividend earnings received afterminustax by a holder of100,000 shares of Valiant Corp.?
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Part 1
A.$ 101 comma 520
$ 101 comma 520$101,520
B.$ 177 comma 660
$ 177 comma 660$177,660
C.$ 126 comma 900
$ 126 comma 900$126,900
D.$ 152 comma 280
$ 152 comma 280$152,280

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