Eagle Tactical, Inc., has taxable income of $1,500,000. The company paid out $240,000 in interest expense. The tax rate is 21% and the dividend payout ratio is 35%. What is the amount that was paid out in dividends?
A) $315,000
B) $350,000
C) $382,500
D) $414,750
E) $470,000
Correct Answer:
Verified
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