You are a shareholder in a C corporation. The corporation earns $2.12 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 38%and the personal tax rate on (both dividend and non-dividend) income is 25% How much is left for you after all taxes are paid?

The amount that remains is _____ per share.(Round to the nearest cent.)