Question: White Mountain Technology is evaluating a project that would require the purchase of a piece of equipment for 930,000 dollars today. During year 1, the

White Mountain Technology is evaluating a project that would require the purchase of a piece of equipment for 930,000 dollars today. During year 1, the project is expected to have relevant revenue of 665,400 dollars, relevant costs of 204,700 dollars, and relevant depreciation of 91,200 dollars. White Mountain Technology would need to borrow 930,000 today for the equipment and would need to make an interest payment of 25,400 dollars to the bank in 1 year. Relevant operating cash flow for the project in year 1 is expected to be 243,877 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.

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