QUESTION 1 XYZ is evaluating a project that would require the purchase of a piece of equipment for $440,000 today. During year 1, the project is expected to have relevant revenue of $766,000, relevant costs of $210,000, and relevant depreciation of $127,000, XYZ would need to borrow $440,000 today to pay for the equipment and would need to make an interest payment of $21,000 to the bank in 1 year. Relevant net Income for the project in year 1 is expected to be $320,000. What is the tax rate expected to be in year 1? O A rate equal to or greater than 30.39% but loss than 39.03% A rate equal to or greater than 26.06% but less than 30.39% O A rate equal to or greater than 22 96% but less than 26.06% O A rate equal to or greater than 39.03% but less than 45.96% O A rate less than 22.00% or a rate greater than 48.90%