Red Circle Construction is evaluating Project B$.$ In$$year $3,$ Project B$$is expected to have relevant revenue of $$585,000,$ relevant variable costs of $$432,000,$ and relevant depreciation of $$108,000.$ In addition, Red Circle Construction would have one source of fixed costs associated with Project B$.$ Red Circle Construction just signed a deal with Frontier Design to develop an advertising campaign for the project. The terms of the deal require Red Circle Construction to pay Frontier Design either $$77,000$in $3$years if the project is pursued or $$108,000$in $3$ years if the project is not pursued. Relevant net income in year $3$for Project B$$is expected to be $$57,000.$ What is the tax rate expected to be in year $3?$ Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter$9\mathrm{.}86$ for $9\mathrm{.}86\%($do not enter $\mathrm{.}0986$ or $9\mathrm{.}86\%).$ Round your answer to at least $2$ decimal places. $$

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