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G . R . Edwin Inc. had sales of $ 5 . 9 4 million during the past year. The cost of goods sold amounted

G. R. Edwin Inc. had sales of $5.94 million during the past year. The cost of goods sold amounted to $2.7 million. Operating expenses totaled $2.52 million, and interest expense was
$21,000. Use the corporate tax rates shown in the popup window, to determine the firm's tax liability. What are the firm's average and marginal tax rates?

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