The next question is based on the following Pro-Forma Income Statement of Cinoflex, Inc. which is in millions of dollars. Item Sales Cost of Goods Sold Gross Profit 2017 2018 2019 2020 2021 2022 $75,000 $88,538 $103,234 $119,777 $138,149 $158,526 ($34,000) ($40,467) ($47,351) ($55,279) ($64,167) ($74,119) $41,000 $48,071 $55,883 $64,498 $73,982 $84,407 Sales and Marketing Expense ($11,250) ($14,579) ($18,582) ($23,356) ($27,630) ($31,705) Administrative Expense ($13,500) ($13,254) ($15,485) ($16,769) ($17,969) ($20,608) $16,250 $20,238 $21,816 $24,373 $28,393 $32,094 ($5,500) ($5,450) ($5,405) ($6,865) ($7,678) ($7,710) ($75) ($6,800) ($6,800) ($6,800) ($7,820) ($8,160) $10,675 $7,988 $9,611 $10,708 $12,895 $16,223 ($3,736) ($2,796) ($3,364) ($3,748) ($4,513) ($5,678) $6,939 $5,192 $6,247 $6,960 $8,382 $10,545 What is the effective income tax rate that was used for 2019? EBITDA Depreciation Interest Expense Pre-Tax Income Income Tax Net Income 22% 18% 35% 41%

The next question is based on the following Pro-Forma Income Statement of Cinoflex, Inc. which is in millions of dollars. What is the effective income tax rate that was used for 2019 ? 22% 18% 35% 41% The next question is based on the following Pro-Forma Income Statement of Cinoflex, Inc. which is in millions of dollars. What is the effective income tax rate that was used for 2014? 22% 18% 35% 41%