Tally Ho Inn has annual sales of $737,000. Earnings before interest and taxes is equal to 21 percent of sales. For the period, the firm paid $7,900 in interest. What is the profit margin if the tax rate is 35 percent?
A. 12.46 percent
B. 12.95 percent
C. 13.33 percent
D. 15.29 percent
E. 16.11 percent