White Mountain Packaging is evaluating a project that would require the purchase of a piece of equipment for 870,000 dollars today. During year 1, the project is expected to have relevant revenue of 670,900 dollars, relevant costs of 207,500 dollars, and relevant depreciation of 78,700 dollars. White Mountain Packaging would need to borrow 870,000 today for the equipment and would need to make an interest payment of 26,600 dollars to the bank in 1 year. Relevant operating cash flow for the project in year 1 is expected to be 392,731 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.