Based on the corporate tax table below, what is the average tax rate for a firm with $120,000 taxable income? (Input answer in percent format, E.g. 45, without % sign)

Taxable Income Marginal Tax Rates

$0 - 50,000 15%

50,001 - 75,000 25%

75,001 - 100,000 34%

100,001 - 335,000 39%

335,001 - 10,000,000 34%

10,000,001 - 15,000,000 35%

15,000,001 - 18,333,333 38%

18,333,334 + 35%