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Mount Hebron Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $793,000. The interest rate on its $842,000 debt

Mount Hebron Electrical Company's financial statements indicated that the company had earnings before interest and taxes of $793,000. The interest rate on its $842,000 debt was 8.95 percent. Calculate the taxes the company is likely to owe. What are the marginal and average tax rates for this company? (Round total taxes payable to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 17%.) Total taxes payable $ Marginal tax rate % Average tax rate %

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