Chapter 11 Homework Submitted PDQ, Inc., expects EBIT to be approximately $11.1 million per year for the foreseeable future, and it has 40,000 20-year, 10 percent annual coupon bonds outstanding. (Use Table 11.1) 1 What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC? (Round your answer to 2 decimal places.) 0/3 polnts awarded 34.00 Tax rate Scored table 11.1 Corporate Tax Rates Taxable Income Tax Rate $0 $50,000 15% 50,001 75,000 25 75,001 100,000 34 335.000 100,001 39 335.001 10,000,000 34 15.000,000 10,000,001 35 18,333.333 15,000,001 38 18,333.334 35