1. Assume that you are in the 25 percent marginal tax bracket and that you have 55.000 to invest. You have narrowed your investment choices down to California bonds with a yield of 7 percent or equally risky BoxonMobil bonds with a yield of 10 percent. Which one should you choose and why? At what marginal tax rate would you be indifferent to the choice between California and Baron Mobil bonds! Tesco began operations in 2014. Testo his reported the following levels of taxable income (EBT) ever the past several years. The corporate tax rate was ex each year. Assume that the company has taken full advantage of the Tax Code's carry back, carry forward provisions, and assume that the current provisions were applicable in 2014. What is the amount of taxes the company paid in 2017? Year Taxable income 2014 -$4,200,000 2015 $200.000 2016 $700,000 2017 54,800,000