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In 2018 , you are considering purchasing a property for $2,000,000 which was certified Historic by the National Parks Service. The plan is to renovate
In 2018 , you are considering purchasing a property for $2,000,000 which was certified "Historic" by the National Parks Service. The plan is to renovate the building and take the maximum tax credit allowed under the 2018 tax code. Assume a discount rate equal to the 5 -year treasury (2%). Under the new changes in the tax code, what would the tax credit be worth in present value dollars? \begin{tabular}{|l|} \hline$326,145 \\ \hline$400,000 \\ \hline$500,000 \\ \hline$377,777 \\ \hline$425,166 \end{tabular}
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