Question: You own shares in Ammazone, an IT company, in Taxania, a country with a double taxation regime for all companies. After paying tax on the

You own shares in Ammazone, an IT company, in Taxania, a country with a double taxation regime for all companies. After paying tax on the dividend you have $0.91 left. The dividend tax rate in Taxania is 27%. Prior to that, Ammazone had to pay tax of 15% on its earnings per share.

What was the earnings per share that Ammazone had available to distribute before any tax was paid?

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