Cory recently sold his qualified small business stock for $81,000 after holding it for ten years. His basis in the stock is $49,000. Applying the rules as if the stock were acquired in 2018 and assuming his marginal tax rate is 32 percent, how much tax will he owe on the sale? Multiple Choice $4,800. None of the choices are correct. $4,480. $8,960. $2,400.