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The following facts relate to a company for 2021: Income tax payable $231,500 Income tax expense 138,300 Taxable income 445,000 Pretax financial income 873,000 What

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The following facts relate to a company for 2021: Income tax payable $231,500 Income tax expense 138,300 Taxable income 445,000 Pretax financial income 873,000 What is the effective income tax rate for 2021? Very important: Please present your answer in percentage format, and round the percentage amount to 2 decimal places if necessary. For example, your answer should look like 23.45% or 23.45 (the percentage sign, %, is optional), not 0.2345

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