JO a small manufacturing company based in Perth with annual revenue of less than $10,000,000. The company produces USB drive for local markets. JO announced a plan at its recent annual general meeting to produce external hard disk as a new product line. This requires an investment of $4,000,000 which the company plan to borrow from a bank at an annual interest of 5%. The following notes are related to JO capital structure and the new proposed investment. 1. The company's total equity is $11,000,000 which is entirely made of ordinary shares which carries 10% annual dividend. 2. J0 currently has no other debts. 3. In the light of additional debt, the investors revise their required rate of return to 12%. How much is the current tax rate JO is subject to? a. %. Case sensitive: Type in 30.00 for Qn 000/