Hafnaoui Company reported pretax net income from continuing operations of $$903,500$ and taxable income of $$712,500.$ The book$$tax difference of $$191,000$ was due to a $$242,000$ favorable temporary difference relating to depreciation, an unfavorable temporary difference of $$117,000$ due to an increase in the reserve for bad debts, and a $$66,000$ favorable permanent difference from the receipt of life insurance proceeds. The question is$,$ "compute Hafnaoui company's effective tax rate?