Spotted Potato is evaluating a project that would require the purchase of a piece of equipment for $$496,000$ today. During year $1,$ the project is expected to have relevant revenue of $$405,000,$ relevant costs of $$158,000,$ and relevant depreciation of $$110000.$ Spotted Potato would need to borrow $$496,000$ today for the equipment and would need to make an interest payment of $$28,000$ to the bank in $1$ year. Relevant operating cash flow for the project in year $1$ is expected to be $$192,000.$ What is the tax rate expected to be in year $1?$

$40\mathrm{.}15\%($plus or minus $3$ bps$)$

$14\mathrm{.}94\%($plus or minus $3bps)$

$56\mathrm{.}26\%($plus or minus $3bps)$

$19\mathrm{.}71\%($plus or minus $3$ bps$)$

none of the answers are within $3bps$ of the correct answer