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Do not copy from other chegg answers and give me explained answer as soon as possible New experts do not try only for intelligent and

Do not copy from other chegg answers and give me explained answer as soon as possible

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Pear, an individual, plans to start a small business, which will operate as a corporation. In year 0, she expects the corporation to generate an ordinary loss of $550,000. Subsequently, she expects the corporation to be profitable, and projects ordinary profit of $825,000 in year 1, and $1,375,000 in year 2. Pear's personal marginal tax rate on ordinary income is 37 Assuming a corporate tax rate of 21% and a 10% discount rate, calculate the present value of expected tax costs on the business earnings for the first 3 years of operations if the business makes an S corporation election. Assume the excess business loss limitation does not apply. Round your discount rate calculations to three decimal places.

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$518,925

$494,200

$291,005

$653,400

Answer is $494,200 kindly tell me how to calculate it?

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