Platinum Water Media is evaluating a project that would require the purchase of a piece of equipment for 830,000 dollars today. During year 1, the project is expected to have relevant revenue of 745,700 dollars, relevant costs of 254,200 dollars, and relevant depreciation of 63,000 dollars. Platinum Water Media would need to borrow 830,000 today for the equipment and would need to make an interest payment of 29,900 dollars to the bank in 1 year. Relevant operating cash flow for the project in year 1 is expected to be 338,183 dollars. What is the tax rate expected to be in year 1? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.