Suppose that LilyMac Photography expects EBIT to be approximately $825,000 per year for the foreseeable future, and that. it has 2,000 10-year, 10 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 LilyMac's WACC? ax rate http://lectures m. OM lectures.mhhe.co File Edit View Favorites Tools Help table 11.1 | Corporate Tax Rates Taxable Income Tax Rate So 50,001 75,000 75,001 100,001 335,001 10,000,001 15,000,00118,333.333 18,333-334+ $50,000 100,000 335,000 15.000,000 15% 25 34 39 34 35 38 35 -10,000,000