Green Corporation reported pretax book income of $1,004,000. During the current year, the net reserve for warranties increased by $50,200. In addition, tax depreciation exceeded book depreciation by $101,000. Finally, Green subtracted a dividends received deduction of $25,100 in computing its current year taxable income. Green's cash tax rate is:

Multiple Choice

• 21%.

• 19.41%.

• 19.95%.