Valiant Corp. is a C corporation that earned $3.8 per share before it paid any taxes. Valiant Corp. retained $1 of aftertax earnings for reinvestment and distributed what remained in dividend payments. If the corporate tax rate was 30% and dividend earnings were taxed at 12.5%, what was the value of the dividend earnings received aftertax by a holder of 100,000 shares of Valiant Corp.?

A. $174,240

B. $203, 280

C. $116,160

D. $145,200