Moose Industries faces the following tax schedule: Taxable Income Up to $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 Tax on Base of Bracket Percentage on Excess above Base 15% 25 34 39 34 SO 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 3. Average Tax rate? Last year the company realized $17,000,000 in operating income (EBIT). Its annual interest expense is $2,500,000. 2. What is the firm's marginal tax rate? 35 38 35 4. Calculate the items above for an all equity firm with the same operating income