Question: xyz is evaluating a project that would require the purchase of a piece of equipment for $470,000 today. During year 1,the project is expected to

xyz is evaluating a project that would require the purchase of a piece of equipment for $470,000 today. During year 1,the project is expected to have relevant revenue of $774,000, relevant costs of $201,000, and relevant depreciation of $120,000. XYZ would need to borrow $470,000 today to pay for the equipment and would need to make an interest payment of $30,000 to the bank in 1 year. Relevant net income for project in year 1 is expected to be $330,000. whatis the tax rate expected to be in year 1?

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