EXHIBIT 16-7 Stock Ownership and Dividends-Received Deduction Percentage ! Required information [The following information applies to the questions displayed below.] Riverbend Incorporated received a \$282,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,330,000 before deducting the dividends-received deduction (DRD), a $69,000NOL carryover, and a $101,000 charitable contribution. Use Exhibit 16-7. Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. b. Assming that it owns 10 percent of Hobble Corporation, what is Riverbend's marginal tax rate on the dividend after taking the DRD into account? Marginal tax rate %