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Reeds Birdie Shot, Incs 2014 income statement lists the following income and expenses: EBIT=$538,000, interest expense=$63,000, and net income=$435,000. Calculate the 2014 taxes reported on

Reeds Birdie Shot, Incs 2014 income statement lists the following income and expenses: EBIT=$538,000, interest expense=$63,000, and net income=$435,000. Calculate the 2014 taxes reported on the income statement. What is the average tax rate?

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