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You own 19% of Acme Corporation. Its earnings before taxes are $10,000,000. The corporate tax rate is 32%. The personal tax rate on dividends is

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You own 19% of Acme Corporation. Its earnings before taxes are $10,000,000. The corporate tax rate is 32%. The personal tax rate on dividends is 20%. Acme Corporation pays out all of its earnings as dividends. What are your after-tax earnings on the dividends? Answer to the nearest dollar

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