Tony is taxed at a combined federal and provincial marginal rate of 46% (ignore any possible effects of the alternative minimum tax). He estimates that the taxable income from the business from January 1 : 2014 to September 30: 2014 will be approximately S40:000_ He has never previously had any capital gams or losses and has had no investment losses. He is willing to accept the offer ifthe after-tax cash from the sale is at least