5 TB MC Qu. 03-50 If Thomas has a... If Thomas has a 28% tax rate and a 10% after-tax rate of return, $83,000 of income in five years will cost him how much tax in today's dollars? Use Exhibit 3.1. (Round present and future value factor(s) to 3 decimal places.) 5.33 points Multiple Choice O $83,000. O $23,240. O $54,439. O $14,432. O None of the choices are correct.9 TB MC Qu. 03-51 If Julius has a... If Julius has a 30% tax rate and a 7% after-tax rate of return, $41,500 of income in three years will cost him how much tax in today's dollars? Use Exhibit 3.1. (Round present and future value factor(s) to 3 decimal places.) 5.33 points Multiple Choice O $10,159. O $33,864. O $12,450. O $41,500. O None of the choices are correct.10 TB MC Qu. 03-43 If Joel earns a... If Joel earns a 8% after-tax rate of return, $21,000 received in two years is worth how much today? Use Exhibit 3.1. (Round present and future value factor(s) to 3 decimal places.) 5.33 points Multiple Choice O $21,000. $19,410. O $17,997. O $22,680. O None of the choices are correct.EXHIBIT 3-1 Present Value of a Single Payment at Various Annual Rates of Return Year 4% 5% 6% 7% 8% 9% 10% 11% 12% 1 962 .952 .943 935 926 917 909 901 893 2 925 907 890 873 857 842 826 $12 .797 3 889 864 840 816 794 772 .751 731 712 855 823 .792 .763 735 .708 683 659 .636 UI 822 .784 .747 .713 681 .650 621 593 .567 6 .790 .746 705 666 630 596 .564 535 .507 7 760 711 665 623 583 547 513 482 .452 S .731 677 627 582 540 502 467 434 404 9 703 645 592 .544 500 460 424 391 361 10 676 614 558 .508 463 422 .386 352 .322 11 650 585 527 475 429 388 350 317 287 12 625 .557 .497 .444 .397 356 .319 286 257 13 601 530 469 415 368 326 .290 258 .229 14 577 505 442 340 299 263 232 205 15 555 481 417 .362 315 275 239 209 183