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Question
The Cruise Ship Co. has taxable income of $4,000,000. The company paid out $550,000 in interest expense. The tax rate is 35 percent and the dividend payout ratio is 30 percent. What is the amount that was paid out in dividends?A. $420,000
B. $550,000
C. $682,500
D. $780,000
E. $980,000
Answer
This answer is hidden. It contains 41 characters.
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