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Problem 11-5 Tax Rate (LG11-3) Suppose that LilyMac Photography expects EBIT to be approximately $200,000 per year for the foreseeable future, and that it has 1,000 10-year, 9 percent annual coupon bonds outstanding (Use Table 111.) What would the appropriate tax rate be for use in the calculation of the debt component of LilyMac's WACC? Tax rate Bock