The tax table for corporations is given below:

Taxable income	Tax on base of bracket	Rate on amount above base
$0 - 50,000	$0	15%
$50,000 - 75,000	$7,500	25%
$75,000 - 100,000	$13,750	34%
$100,000 - 335,000	$22,250	39%
$335,000 - 10,000,000	$113,900	34%
$10,000,000 - 15,000,000	$3,400,000	35%
$15,000,000 - 18,333,333	$5,150,000	38%
$18,333,333 and up	$6,416,667	35%

Bolander, Inc. has a taxable income this year of $234,000. What is the firms average tax rate?

	a.	48.51%
	b.	39%
	c.	31.84%
	d.	44.44%
	e.	22.33%