XYZ is evaluating a project that would require the purchase of a piece of equipment for $$410,000$ today. During year $1,$ the project is expected to have relevant revenue of $$755,000,$ relevant costs of $$199,000,$ and relevant depreciation of $$139,000.$ XYZ would need to borrow $$410,000$ today to pay for the equipment and would need to make an interest payment of $$23,000$ to the bank in $1$ year. Relevant net income for the project in year $1$ is expected to be $$337,000.$ What is the tax rate expected to be in year $1?$