(Answered) Assume that grand canyon medical center a for-profit

Accounting

Assume that Grand Canyon Medical Center, a for-profit hospital, has $8 million in taxable income for 2016 and its tax rate is 28%. a. Given this information, what is the firm's net income? Place your answer in the box and show your work below. b. Suppose the hospital pays out $750 thousand in dividends. A stockholder receives $17 thousand.If the stockholder's tax rate on dividends is 20%, what is the after-tax dividend? After-tax dividend Place your answer in the box and show your work below.

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