An investor's portfolio currently is worth $ 1MM. During the first year, the investor sells 1,000 shares of Fedx at a price of $150 per share and 10,000 shares of Cisco systems at a price of $25 per share. The proceeds are used to buy 2,500 shares of IBM at $160 per share. 1. The portfolio turn over rate is [A]%. (Note: Round to the nearest integer.) 2. If the shares in FedEx originally were purchased for $140 each and those in Cisco were purchased for $20, and if the investor's tax rate on capital gain income is 15%, The amount that the investor will owe on this year's taxes as a result of these transactions would be [B]. (Note: Round to the nearest integer.)