XYZ company purchased a manufacturing plant for $2,000,000 in November. Installation of assembly line worth $1,500,000 is done in December 2019. The plant starts operation on March 2020. The company realized a gross income of $5,500,000 during 2020. Manufacturing costs and other expenses were $128,000. The depreciation expenses for machinery and assets used were to $120,000. The company paid a loan interest payment of 100,000. The net income and the average corporate tax rate for the year 2020 respectively are equal to which of the followings?

a- $3202320 and 34%

b- $3400320 and 34%

c- $43320 and 34%

d- $3400320 and 61%

e- None of the above