G. R. Edwin Inc. had sales of 5.87 million during the past year. The cost of goods sold amounted to 2.7 million. Operating expenses totaled 2.53 million, and interest expense was 28000 . Use the corporate tax rates shown in the popup window, LOADING..., to determine the firm's tax liability. What are the firm's average and marginal tax rates?

Taxable Income	Marginal Tax Rate
$0$50,000	15%
$50,001$75,000	25%
$75,001$100,000	34%
$100,001$335,000	39%
$335,001$10,000,000	34%
$10,000,001$15,000,000	35%
$15,000,001$18,333,333	38%
Over $18,333,333	35%