Chapman & Power Incorporated is concerned about the taxes paid by the company. In addition to $154,000,000 of taxable income, the firm received $25,000,000 of interest on state-issued bonds and $21,500,000 of dividends on common stock it owns in Hunt Taxidermy. (Use corporate tax rate of 21 percent for your calculations.)

a. What is the tax liability in dollars not in millions

b. calculate the average tax rate

c. calculate marginal tax rate