The U.S. Corporate Tax Rate Schedule is shown below. EXHIBIT 11.6 U.S. Corporate Tax Rate Schedule in 2016 Just like the tax system for individuals, the tax system for corporations in the United States is progres- sive, with marginal tax rates ranging from 15 percent to as high as 39 percent. Taxable Income More Than But Not More Than $0 $50,000 $50,000 $75,000 $75,000 $100,000 $100,000 $335,000 $335,000 $10,000,000 $10,000,000 $15,000,000 $18,333,333 $15,000,000 $18,333,333 Tax Owed 15% of amount beyond $0 $7,500 + 25% of amount beyond $50,000 $13,750 + 34% of amount beyond $75,000 $22,250 + 39% of amount beyond $100,000 $113,900 + 34% of amount beyond $335,000 $3,400,000 + 35% of amount beyond $10,000,000 $5,150,000 + 38% of amount beyond $15,000,000 35% on all income A.) What was the marginal tax rate of a corporation that had a taxable income of $10.445 million in 2016? B.) What was the average tax rate of a corporation that had a taxable income of $10.445 million in 2016? (Round answer to 1 decimal place, e.g. 17.5%.)