3. What are the average and marginal tax rates for a corporation that has $97,648 of taxable income? The tax rates are as follows: A. 21.97%; 25% B. 21.97%; 34% C. 23.08%; 34% D. 34%; 34% 6. Professor Diehard found an effective antibiotic for the DEPRESS bacteria, and patented the drug. He believes that he could sell the patent for $20 million. He then formed a corporation and invested $400,000 in setting up a production plant. There are 2 million shares of stock outstanding. If the professor's belief is correct, what would be the price per share and the book value per share? A. $10.20; $0.20 B. $10.00; $0.20 C. $9.80; S0.40 D. $9.80; S0.20 9. Assume a firm generates $2,000 in sales and has a $500 increase in accounts receivable during an accounting period. Based solely on this information, cash flow will increase by: A. $2,500. B. $2,000 C. $1,500. D. $500