The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore Select one: a. the corporation's gross profit margin is greater than 20%. b.) the corporation's gross profit margin is equal to 20% because gross profit is not affected by operating expenses or financing costs c. the corporation's net profit margin is greater than 20%. d. the corporation's gross profit margin is less than 20%. A corporation has an average tax rate of 25% and a marginal tax rate of 39%. The corporation can invest in a tax-free project with an expected before-tax return of 6.8% or in a taxable project with an expected before-tax return of 10%. The corporation should Select one: a. Be indifferent between the two investments because the after-tax returns are the same. b. Invest in the taxable project because the return is greater C. Invest in the tax-free project because the after-tax return is greater Invest in the taxable project because the after-tax return is greater d. Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's operating income is equal to Select one: a. $1,070,000 b. $770,000 C. $1,500,000. d. $1,100,000