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You own 100 shares in a company that earns $4.00 per share before taxes, has a corporate tax rate of 20%, and pays out 70%

You own 100 shares in a company that earns $4.00 per share before taxes, has a corporate tax rate of 20%, and pays out 70% of its after-tax earnings as dividends. The tax rate on dividend income is 15%. What is the total after-tax income you receive from your dividends?

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