In 2022, XYZ Inc. had sales of $36.1 million, costs of goods sold of $17.4 million, Sales, General and Administrative (SG&A) expenses of $8 million, Depreciation expenses of $5.9 million, Interest expenses of $800,000, Tax expenses of $778,500, Dividend Payments of $500,000, total debt of $15 million, and total assets of $26 million. Calculate XYZ Inc.'s Average Tax Rate as of 2022.