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O 18 XYZ is evaluating a project that would require the purchase of a piece of equipment for $520,000 today. During year 1, the project is expected to have relevant revenue of $762,000, relevant costs of $190,000, and relevant depreciation of $135,000. XYZ would need to borrow $520,000 today to pay for the equipment and would need to make an interest payment of $37,000 to the bank in 1 year. Relevant net income for the project in year 1 is expected to be $337,000. What is the tax rate expected to be in year 1? A rate equal to or greater than 18.65% but less than 23.94% A rate equal to or greater than 23.94% but less than 27.34% A rate less than 18.65% or a rate greater than 49.14% A rate equal to or greater than 36.16% but less than 49.14% A rate equal to or greater than 27.34% but less than 36.16% A Moving to another question will save this response. 19 20 5 points Save Answer Question 4 of 25