Folic Acid Inc. has $32 million in earnings, pays $4.2 million in interest to bondholders,...
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Folic Acid Inc. has $32 million in earnings, pays $4.2 million in interest to bondholders, and $2.6 million in dividends to preferred stockholders. What are the common stockholders residual claims to earnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places (e.g., $1.23 million should be entered as "1.23").)
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