Sheridan Company reports pretax financial income of $73,600 for 2025. The following items cause taxable income to be different than pretax financial income. 1 Depreciation on the tax return is greater than depreciation on the income statement by $17,600. 2. 3. Rent collected on the tax return is greater than rent recognized on the income statement by $23,600. Fines for pollution appear as an expense of $10,300 on the income statement. Sheridan's tax rate is 40% for all years, and the company expects to report taxable income in all future years. There are no deferred taxes at the beginning of 2025. Compute the effective income tax rate for 2025. (Round answer to 1 decimal place, e.g. 25 Effective income tax rate %