Problem 11-6 Tax Rate (LG11-3) PDQ, Inc., expects EBIT to be approximately $11.3 million per year for the foreseeable future, and it has 50,000 20-year, 6 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 PDQ's WACC? (Round your answer to 2 decimal places.) Tax rate 34.22 % Problem 11-6 Tax Rate (LG11-3) PDQ, Inc., expects EBIT to be approximately $11.3 million per year for the foreseeable future, and it has 50,000 20-year, 6 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 PDQ's WACC? (Round your answer to 2 decimal places.) Tax rate 34.22 %