Calculate the combined marginal tax rate for ordinary income and the combined rate for capital gains: Federal Corporate Marginal Tax Rate (Ordinary Income): 34.00% State Corporate Marginal Tax Rate (Ordinary Income): 12.12 % Combined marginal tax rate on ordinary income Combined Corporate Tax Rate for Capital Gains = 50% of combined rate for ordinary income Combined Corporate Tax Rate for Capital Gains: = Use these tax rates to calculate after-tax cash flow for selling the asset in each of the following four scenarios. Fill in all the blanks in the table. Scenario 3 Scenario 4 Scenario 1 S45,000 Scenario 2 S45,000 Cost Basis Salvage Value (Selling Price) Book Value Asset Held $29000$55,000 $55,000 $20,000 $20,000 $29,000 6 months $23,000 6 months 3 years 6 months ordinary income capital gain / loss corporate income taxes after-tax cash flow Calculate the combined marginal tax rate for ordinary income and the combined rate for capital gains: Federal Corporate Marginal Tax Rate (Ordinary Income): 34.00% State Corporate Marginal Tax Rate (Ordinary Income): 12.12 % Combined marginal tax rate on ordinary income Combined Corporate Tax Rate for Capital Gains = 50% of combined rate for ordinary income Combined Corporate Tax Rate for Capital Gains: = Use these tax rates to calculate after-tax cash flow for selling the asset in each of the following four scenarios. Fill in all the blanks in the table. Scenario 3 Scenario 4 Scenario 1 S45,000 Scenario 2 S45,000 Cost Basis Salvage Value (Selling Price) Book Value Asset Held $29000$55,000 $55,000 $20,000 $20,000 $29,000 6 months $23,000 6 months 3 years 6 months ordinary income capital gain / loss corporate income taxes after-tax cash flow