(Refer to Table 2.3.) Corporation Growth has $83,500 in taxable income, and Corporation Income has $8,350,000 in taxable income. Required: (a) What is the tax bill for each firm? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) Corporation Growth Corporation Income Tax bill $ $ (b)Suppose both firms have identified a new project that will increase taxable income by $7,000, how much in additional taxes will each firm pay? (Do not include the dollar signs ($). Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) Additional taxes Corporation Growth Corporation Income $ TABLE 2.3 Taxable income Tax Rate Corporate tax rates 0- 50,000 50,001- 75,000 75,001 - 100,000 100,001 - 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001 - 18,333,333 18,333,334+ 15% 25 34 39 34 35 38 35