Violet Sky Aviation is evaluating a project that would require the purchase of a piece of equipment for 860,000 dollars today. During year 1, the project is expected to have relevant revenue of 637,000 dollars, relevant costs of 222,100 dollars, and relevant depreciation of 91,600 dollars. Violet Sky Aviation would need to borrow 860,000 today for the equipment and would need to make an interest payment of 30,000 dollars to the bank in 1 year. Relevant operating cash flow for the project in year 1 is expected to be 235,565 dollars. What is the tax rate expected to be in year 1? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.