Click Submit to complete this assessment, Our Tofta Question 10 10 points XYZ is evaluating a project that would require the purchase of a piece of equipment for 5560.000 today. During year 1. the project is expected to save relevant retro 703.60 relevant costs of $196,000, and relevant depreciation of 5124.000, XYZ would need to borrow 5560.000 today to pay for the equipment and would need to an interest of $40.000 to the bank in 1 year. Relevant net income for the project in year is expected to be 5344.000. What is the tax rate expected to be in year 1 Arate less than 16.20 or a rate greater than 45.00 Arte equal to or greater than 18.2on but less than 23.02 Arte equal to creater than 350w but less than 45.00 Arte equal to or greater than 27.15 but less than 35.600 Arate equal to or greater than 23.824 but less than 27.5 do 100