Celebrity Food is evaluating the kale crisper project. During year $1,$ the kale crisper project is expected to have relevant revenue of $$257,000\mathrm{.}00,$ relevant variable costs of $$86,500\mathrm{.}00,$ and relevant depreciation of $$10,900\mathrm{.}00.$ In addition, Celebrity Food would have one source of fixed costs associated with the kale crisper project. Celebrity Food just signed a deal with Lights Camera Action to develop a advertising campaign for use in the project. The terms of the deal require Celebrity Food to pay Lights Camera Action either $$17,900\mathrm{.}00$ in $1$ year if the project is pursued or $$34100\mathrm{.}00$ in $1$ year if the project is not pursued. Relevant net income for the kale crisper project in year $1$ is expected to be $$109,000\mathrm{.}00.$ What is the tax rate expected to be in year $1?$

$31\mathrm{.}70\%($plus or minus $3$ bps$)$

$38\mathrm{.}00\%($plus or minus $3$ bps$)$

$52\mathrm{.}59\%($plus or minus $3$ bps$)$

$23\mathrm{.}99\%($plus or minus $3$ bps$)$

none of the answers are within $3$ bps of the correct answer