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Greg Jones lives in Augusta, Georgia, and has the opportunity to rent his condominium during the next Masters golf tournament. He has two offers-one to

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Greg Jones lives in Augusta, Georgia, and has the opportunity to rent his condominium during the next Masters golf tournament. He has two offers-one to rent for 10 days at $500 per day and the other to rent for 16 days at $400 per day. Rental expenses will be negligible. What is your advice to Greg? 1. Assume Greg's marginal tax rate is 15%, what is your advice to Greg? 2. Assume instead, his marginal tax rate is 24%, what would be your recommendation? 3. What is the marginal tax rate in which Greg would be indifferent to the offers

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