At the time of Addisons death, he owned 70% of the stock in Robin Corporation, a closely held family business. Over the past five years, Robin has averaged annual profits of $400,000 in an industry where the typical after-tax rate of return is 9%. If the book value of the corporations assets is $1,000,000 and goodwill exists, what might be a realistic value of the stock in Addisons gross estate?

	a.	$310,000
	b.	$1,550,000
	c.	$1,785,000
	d.	$2,550,000