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PDQ, Inc., expects EBIT to be approximately $12.1 million per year for the foreseeable future, and it has 50,000 20-year, 8 percent annual coupon bonds

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PDQ, Inc., expects EBIT to be approximately $12.1 million per year for the foreseeable future, and it has 50,000 20-year, 8 percent annual coupon bonds outstanding. (Use Table 11.1) What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC? (Round your answer to 2 decimal places.) $%o 50,000 KY 25 34 39 50,001 75,001 100,001 335,001 10,000,001 15,000,001 18,333.334+ 75,000 -100,000 335,000 10,000,0oo 15,000,000 18,333.333 35 35

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