LaSalle Inc.'s 20X2 and 20X1 Income Statement is as follows: 20X2 20X1 Revenues $55865 $53120 Cost of goods sold 18384 18623 Gross profit 37481 34497 Research and development 7736 7058 Sales and marketing 7254 4843 General and administrative 3898 2984 Operating income $18593 $19612 Other income, net 1073 202 Income before income taxes $19666 $19814 Income tax expense 5502 4214 Net income $14164 $15600 Cash paid for income taxes $2908 $1206 What is its 20X2 effective tax rate? (Please round to 3 decimal places. For example: 0.123.) Answer:Question 13