Question: Red Cave Entertainment is evaluating Project x , whice would require the purchase of a piece of equipment for $ 7 4 5 . 0

Red Cave Entertainment is evaluating Project x, whice would require the purchase of a piece of equipment for $745.000 today. in year 3. Project x is expected to have relevant revenue of $692.000, relevant costs of $526.000, and relevant depreciation of $57,000. Purple Canyon Consulting would need to borrow $745,000 today for the equipment and would need to make an interest payment of $22,000 in 3 years. Relevant operating cash flow for Project x in year 3 is expected to be $141,300. What is the tax rate expected to be in year 3?
Input Instructions: Input your answer as the number that appears before the percentage sign. For example, enter 9.86 for 9.86%(do not enter .0986 or 9.86%). Round your answer to at least 2 decimal places.
percent
Red Cave Entertainment is evaluating Project x ,

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