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In 2012, Cedarbrook Industries had sales of $421,900, costs of $304,950, and depreciation of $38,200.Its interest expense totaled $19,100.The company paid dividends of $8,000 and

In 2012, Cedarbrook Industries had sales of $421,900, costs of $304,950, and depreciation of $38,200.Its interest expense totaled $19,100.The company paid dividends of $8,000 and increased retained earnings by $22,600.At what average rate did Cedarbrook pay taxes?

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