Suppose a firm's tax rate is 30%. 2. What effect would a 59.97 mifich operating expense heve on this years earnings? What effect wouid it have on bext yoar's earnings? inext yearts earnings? a. What effect would a 59.97 milion operating expense have on this year's eamings? Eamings would increase (decline) by 5 mation. (Rouind to two decimat places, and ise a negative number for a declire) What effect would it have on next year's eaminge? (Selnct the best choice below) A. There would be no effect on next years eamings. B. Next year's eamings will be affected by a decline of $2.99 milion C. Next year's eacnings will be allecled by an increase of $2.99 milion D. Next year's eamings will be affected by the same amount. next yeor's eamings? Earnings would be higher dowerf each year by 5 milion. (Plound to two decimal places, and use a regafive number for a decline)