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Irene is saving for a new car she hopes to purchase either four or six years from now. Irene invests $ 1 5 , 0

Irene is saving for a new car she hopes to purchase either four or six years from now. Irene invests $15,000 in a growth stock that does not pay dividends and expects a 6 percent annual before-tax return (the investment is tax deferred). When she cashes in the investment after either four or six years, she expects the applicable marginal tax rate on long-term capital gains to be 25 percent.
Note: For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar amount.
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