Hannah and Daughters is a United States-based graphic design firm. It has a subsidiary in Montenegro that generates foreign EBIT of 29 million. The firm has tangible assets overseas with a book value of 18.3 million. Hannah pays a 9% tax rate in Montenegro. If the U.S. corporate tax rate is 21%, and the current exchange rate is $1.24/, how much U.S. tax does Hannah and Daughters owe on the income from its subsidiary? What is its effective marginal tax rate on an extra euro of income earned abroad? The amount owed in U.S. tax on foreign income earned is $. (Round to the nearest dollar.) Hannah and Daughters is a United States-based graphic design firm. It has a subsidiary in Montenegro that generates foreign EBIT of 29 million. The firm has tangible assets overseas with a book value of 18.3 million. Hannah pays a 9% tax rate in Montenegro. If the U.S. corporate tax rate is 21%, and the current exchange rate is $1.24/, how much U.S. tax does Hannah and Daughters owe on the income from its subsidiary? What is its effective marginal tax rate on an extra euro of income earned abroad? The amount owed in U.S. tax on foreign income earned is $. (Round to the nearest dollar.)