Required information [The following information applies to the questions displayed below.] Riverbend Inc. received a $332,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,260,000 before deducting the dividends received deduction (DRD), a $81,000 NOL carryover, and a $128,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) e. What is Riverbend's DRD assuming it owns 93 percent of Hobble Corporation (and is part of the same affiliated group)? DRD EXHIBIT 16-6 Stock Ownership and Dividends Received Deduction Percentage Receiving Corporation's Stock Ownership in Distributing Corporation's Stock Less than 20 percent Dividends Received Deduction Percentage 50% 65 * 80 percent or more 100 At least 20 percent but less than 80 percent *To qualify for the 100 percent dividends received, the receiving and distributing corporations must be in the same affiliated group as described in $1504. The 80 percent ownership requirement is the minimum ownership level required for inclusion in the same affiliated group