S 0.75 points eBook Print PDQ,Incorporated expects EBIT to be approximately $12.4 million per year for the foreseeable future, and it has 50,000 20-year, 6 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? Note: Round your answer to 2 decimal places. Tax rate %

PDQ, Incorporated expects EBIT to be approximately $12.4 million per year for the foreseeable future, and it has 50,00020 -year, 6 percent annual coupon bonds outstanding. (Use Table 114.) What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC? Note: Round your answer to 2 decimal places