After several years of profitable operations, Javell, the sole shareholder of JBD Inc., a corporation, sold 22 percent of her JBO stock. to ZNO Inc., a C corporation in a similar industry. During the current year, JBO reports $2,800,000 of after-tax income. JBO distributes all of its after-tax earnings to its two shoreholders in proportion to their shareholdings. How much tax will ZNO pay on the dividend it. receives from JBD? What is ZNO's tax rate on the dividend income (after considering the DRD)? [Hint: See IRC 2243 ] (Round the "Tax rote on dividend income" to 2 decimal places.)