table 11.1 Corporate Tax Rates Taxable income Tax Rate 15% 25 34 39 - $50,000 50,001 - 75,000 75,001 100,000 100,001 335,000 335,001 10,000,000 10,000,001 - 15,000,000 15,000,001 - 18,333,333 18,333,334 + 34 35 38 35 Check my work PDQ, Inc., expects EBIT to be approximately $15.0 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds outstanding. (Use Table 1 1.87 points 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 D % eBook Hint References table 11.1 Corporate Tax Rates Taxable income Tax Rate 15% 25 34 39 - $50,000 50,001 - 75,000 75,001 100,000 100,001 335,000 335,001 10,000,000 10,000,001 - 15,000,000 15,000,001 - 18,333,333 18,333,334 + 34 35 38 35 Check my work PDQ, Inc., expects EBIT to be approximately $15.0 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds outstanding. (Use Table 1 1.87 points 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 D % eBook Hint References