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Given the following details, what are the seller's net proceeds from a stock sale and an asset sale? Please show all work Details: Corporate tax

Given the following details, what are the seller's net proceeds from a stock sale and an asset sale? Please show all work

Details:

Corporate tax rate: 38%

Capital gains rate: 20%

Stock sale:

Purchase price $4,000.0 million

Stock basis: $1,000.0 million

Asset sale:

Purchase price: 4,000.0 million

Asset basis: $1,000.0 million

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