XYZ is evaluating a project that would require the purchase of a piece of equipment for $540,000 today during your one the project is expected to have relevant revenue of $784,000 relevant cost of $208,000 and relevant depreciation of $130,000 XYZ will need to borrow $540,000 today to pay for the equipment and we need to make an interest payment of $21,000 to the bank in one year relevant net income for the project in year 1is expected to be $34,000 what is the tax rate expected to be in your 1?