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.

d$.$ Provide a reconciliation of Hafnaoui Company's effective tax rate with its hypothetical tax rate of $21$ percent.

Note: Amounts to be deducted should be indicated by a minus sign. Round your percentages to $2$ decimal places.