Hemingway corporation is considering expanding its operations to boost its income, but before making a final decision, it has asked you to calculate the corporate tax consequences of such a decision. currently, hemingway generates before-tax yearly income of $197 comma 000 and has no debt outstanding. expanding operations would allow hemingway to increase before-tax yearly income to $339 comma 000. hemingway can use either cash reserves or debt to finance its expansion. if hemingway uses debt, it will have a yearly interest expense of $69 comma 000. create a spreadsheet to conduct a tax analysis (assume a 23% flat tax rate) for hemingway corporation and determine the following: a. what is hemingway's current annual corporate tax liability