USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne have the following expenses and account balances: John's annual 401(k) contribution $22,000 John's annual salary $165,000 Current Liabilities $36,000 Housing Costs (PITI) monthly $3,450 Cash & Cash Equivalents $60,000 Monthly non-discretionary cash flows $7,500 Monthly debt payments other than housing $1,000 * John's employer matches $1 for $1 up to 5% of his salary in his 401(k) plan. Based on the information above, calculate the Savings Rate. 16.74 17.25 18.94 18.33