Lythol mining is firm that has 32mn shares outstanding for his most recent financial year , Lythol made $100 mn in taxable profit. The firm is subject to a corporate tax rate of 30%.The firm has decided it will not retain any of the earnings but will pay out all to shareholders .assuming you are a shareholder of Lythol will a marginal tax rate of 40%and holding 12000 shares how much tax will you pay on your dividends ?A.$9600 B.$11120 C.$8500 D.$4800

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