14. Nils is considering making a $3,000 investment in a venture that its promoter promises will generate immediate tax benefits. Nils anticipates that he will itemize his deductions and is in the 37% marginal income tax bracket. If made, the investment will produce a tax deduction of 40% of the amount invested, and that tax deduction will not push Nils into a lower income tax bracket. If Nils makes the investment, by how much will his income tax liability decline because of it? a. $0. b. $444. c. $1,110. d. $1,200. e. $3,000. 3