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The following facts relate to a company for 2021:
Income tax payable $150,200
Income tax expense 242,700
Taxable income 448,000
Pretax financial income 873,000
What is the effective income tax rate for 2021? Very important: Please present your answer in percentage format, and round the percentage amount to 2 decimal places if necessary. For example, your answer should look like 23.45% or 23.45 (the percentage sign, %, is optional), not 0.2345.
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