The Locker Co. has $250,000 in taxable income. (10 pt) (1) What are the company's income taxes according to the tax rate table below? (5 pt) Taxable Income Bracket 0-$50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 Marginal Tax Rate (%) 15 25 34 39 (II) What is the company's average tax rate? (2 pt) (ii) Locker Co is evaluating a new project, which is projected to increase the company's taxable income from its current level of $250,000 to $330,000. What is the tax rate the company should use in estimating the incremental free cash flows of the new project? Briefly describe your reasoning. (3 pt)