XYZ is evaluating a project that would require the purchase of a piece of equipment for $$590,000$ today. During year $1,$ the project is expected to have relevant revenue of $$771,000,$ relevant costs of $$197,000,$ and relevant depreciation of $$136,000.$ XYZ would need to borrow $$590,000$ today to pay for the equipment and would need tobe in year $1?$make an interest payment of $$38,000$ to the bank in $1$ year. Relevant net income for the project in year $1$ is expected to be $$347,000.$ What is the tax rate expected to A rate equal to or greater than $24\mathrm{.}49\%$ but less than $34\mathrm{.}71\%$ A rate equal to or greater than $16\mathrm{.}44\%$ but less than $21\mathrm{.}76\%$ A rate equal to or greater than $34\mathrm{.}71\%$ but less than $51\mathrm{.}67\%$ A rate equal to or greater than $21\mathrm{.}76\%$ but less than $24\mathrm{.}49\%$ A rate less than $16\mathrm{.}44\%$ or a rate greater than $51\mathrm{.}67\%$