Complete the calculation for the New NAVPS on January 1, 2021 Client's Tax Rate 35% NAVPS at Time of Purchase (January 2, 2020) $55 per share $3 per share Distribution to the investors at the end of each quarter in 2020. This is considered taxable income in 2020, even if the investor selected reinvestment over receiving the distribution in cash. $12 per share NAVS decrease in 2020 as a result of the distributions throughout the year. Client's New NAVPS value on January 1, 2021 Students are required to complete this calculation