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DEF Corp. had $31,000,000 in revenues (sales), $10,500,000 in Costs of Goods Sold (COGS), $4,500,000 in SG&A expenses, $4,000,000 in depreciation expenses, $3,200,000 in interest

DEF Corp. had $31,000,000 in revenues (sales), $10,500,000 in Costs of Goods Sold (COGS), $4,500,000 in SG&A expenses, $4,000,000 in depreciation expenses, $3,200,000 in interest expenses, and $1,450,000 in tax expenses. What was the firms tax rate?

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