The Poole Company reported the following income for Year 2: Sales $33,500 Cost of goods sold 8,700 Gross margin $24,800 Selling and administrative expense 10,700 Operating income $14,100 Interest expense 4,700 Income before taxes $9,400 Income tax expense 2,820 Net income $6,580 What is the company's net margin? (Round your answer to 2 decimal places.) Multiple Choice 42.09% 28.06% 74.03% 19.64%