After several years of profitable operations, Javell, the sole shareholder of JBD Inc., a C corporation, sold 22 percent of her JBD stock to ZNO Inc., a C Corporation in a similar industry. During the current year JBD reports $600,000 of after-tax income. JBD distributes all of its after-tax earnings to its two shareholders in proportion to their shareholdings. How much tax will ZNO pay on the dividend it receives from JBD? What is ZNO's tax rate o the dividend income (after considering the DRD)? [hit: See IRC Section 243.] (Round the "Tax rate on dividend income" to 2 decimal places.)