The following information relates to Meca International for its first year of operations (data in millions of dollarst $ 250 10 Pretax accounting Income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MACRS: 67 105 The applicable tax rate is 25%. There are no other temporary or permanent differences. What is Meca's effective tax rate? None of these answer choices are correct. 26%