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Reu PDQ, Inc expects EBIT to be approximately $14.8 million per year for the foreseeable future, and has 100.000 20-year 3 percent annual coupon bonds

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Reu PDQ, Inc expects EBIT to be approximately $14.8 million per year for the foreseeable future, and has 100.000 20-year 3 percent annual coupon bonds outstanding (Use Table 11.1.) 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 % table 11.1 Corporate Tax Rates Taxable Income Tax Rate $0 $50,000 15% 50,001 75 000 25 75,001 100,000 34 100,001 335,000 R9 335,001 10,000,000 34 10 000 001 15,000,000 35 15,000,001 18 333 33 38. 18 333 334 11 35

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