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You are analyzing a C-corporation that has pretax income of $30mm. It wants to distribute $15mm to its shareholders as a dividend. The corporate tax

You are analyzing a C-corporation that has pretax income of $30mm. It wants to distribute $15mm to its shareholders as a dividend. The corporate tax rate is 40% and the dividend tax rate is 20%. How much is the total tax bill paid by the corporation and its shareholders?

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