I am reviewing the multi$-$step income statement for a company and I see the following:

Earnings before interest and taxes $ $1,239,457$

Interest expense $145,101$

Earnings before taxes $ $1,094,356$

Provision for taxes $420,036$

Net Income $ $674,320$

From this information, what do you think is the approximate tax rate for this company?

Question $27$Select one:

a$.$

$35\mathrm{.}0\%$

b$.$

Cannot be determined $$ insufficient information

c$.$

$62\mathrm{.}3\%$

d$.$

$38\mathrm{.}4\%$

e$.$

$33\mathrm{.}9\%$