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Tax: Mount Hebron Electrical Companys financial statements indicated that the company had earnings before interest and taxes of $718,323. The interest rate on its $850,000

Tax: Mount Hebron Electrical Companys financial statements indicated that the company had earnings before interest and taxes of $718,323. The interest rate on its $850,000 debt was 8.95 percent. Calculate the taxes the company is likely to owe. What are the marginal and average tax rates for this company?

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