$4.$ Problem $12-54($LO $12-3)($Algo$)$

After several years of profitable operations, Javell, the sole shareholder of JBD Incorporated, a C corporation, sold $22$ percent of her JBD stock to ZNO Incorporated, a C corporation in a similar industry. During the current year, JBD reports $$3,000,000$ of after$-$tax income. JBD distributes all of its after$-$tax earnings to its two shareholders in proportion to their shareholdings. How much tax will ZNO pay on the dividend it receives from JBD$?$ What is ZNO's tax rate on the dividend income $($after considering the DRD$)?[$Hint: See $243.]$

Note: Round the "Tax rate on dividend income" to $2$ decimal places.