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Walmart bought 16% of Safe-Aid on March 4, 2018 and sold the shares on June 30, 2018. The tax rate is 31% for Walmart and
Walmart bought 16% of Safe-Aid on March 4, 2018 and sold the shares on June 30, 2018. The tax rate is 31% for Walmart and 39% for Safe-Aid. Safe-Aid paid a total amount of $11 million dividends on June 2, 2018. Suppose that Walmart is subject to the 72% exclusion rule.
Walmart's total after-tax dividend from Safe-Aid is $___ million.
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