Use the following information to answer the following question(s).
In 2004,A & K,Inc.expects operating income (earnings before interest and taxes)of $18,000,000.In addition,the corporation has $20,000,000 of debt outstanding with a 10 percent interest rate and will pay $1,000,000 in dividends to its common stockholders.
-A & K's marginal tax rate for 2004 will be:
A)38 percent.
B)35 percent.
C)34 percent.
D)unknown because too little information is provided.

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The Answer of Use the following information to answer the following question(s).
In 2004,A & K,Inc.expects operating income (earnings before interest and taxes)of $18,000,000.In addition,the corporation has $20,000,000 of debt outstanding with a 10 percent interest rate and will pay $1,000,000 in dividends to its common stockholders.
-A & K's marginal tax rate for 2004 will be:
A)38 percent.
B)35 percent.
C)34 percent.
D)unknown because too little information is provided.

Use the Following Information to Answer the Following Question(s)