Required information (The following information applies to the questions displayed below.) Riverbend Inc. received a $300,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2.980,000 before deducting the dividends received deduction (DRD), a $41,000 NOL carryover, and a $182,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? 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 At least 20 percent but less than 80 percent 80 percent or more Dividends Received Deduction Percentar 50% 65 100 To qualify for the 100 percent dividends received, the receiving and distributing corporations must be in the same affiliated group as described in $7504. The requirement is the minimum ownership level required for inclusion in the same affiliated group. b. What is the overall tax rate on SHO's income in the first year if SHO is organized as an LLC or as a C corporation? (Round your final answers to 2 decimal places.) Overall Tax Rate C corporation c. What is Riverbend's DRD assuming it owns 37 percent of Hobble Corporation? DRD d. Assuming the facts in part (c), what is Riverbend's marginal tax rate on the dividend? Marginal tax rate e. What is Riverbend's DRD assuming it owns 92 percent of Hobble Corporation (and is part of the same affiliated group)? DRD f. Assuming the fact part (e), what is Riverbend's marginal tax rate on the dividend? nces Marginal tax rate