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You are a shareholder in a C corporation. The corporation earns $ 2.21$2.21 per share before taxes. Once it has paid taxes, it will distribute

You are a shareholder in a C corporation. The corporation earns

$ 2.21$2.21

per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax rate is

21 %21%,

and your personal tax rate on (both dividend and non-dividend) income is

20 %20%.

How much is left for you after all taxes are paid?The amount that remains is per share.(Round to the nearest cent.)

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