ABC, Inc. is a C corporation. For the year, ABC reported taxable income of $100,000. At the end of the year, ABC distributed all its after-tax earnings to Mary, the company's sole shareholder. Mary's ordinary tax rate is 25 percent and her preferential tax rate is 15 percent. What is the effective tax rate on ABC's pretax income (including both corporate and individual taxes)? (Round your answer to two decimal places and do not include the % symbol in your answer) (Please ignore the Net Investment Income Tax)