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.

Receiving Corporations Stock Ownership in Distributing Corporations Stock	Dividends Received Deduction Percentage
Less than 20 percent	50%
At least 20 percent but less than 80 percent	65
80 percent or more*	100

a. What is Riverbends deductible DRD assuming it owns 10 percent of Hobble Corporation?

$166250

b. Assuming the facts in part (a), what is Riverbends marginal tax rate on the dividend?