It is late 2018 and you are a successful venture capitalist currently working in Florida. Tomorrow morning you will have the opportunity to negotiate with your employer to receive some amount of deferred salary in 5 years in exchange for $100,000 of your 2018 compensation. If this compensation is not deferred, it will be paid to you on December 31, 2018, as a year-end bonus. Both you and your employer can earn a before tax rate of return of 10%. Your employers combined federal and state income tax rate is 42% and is expected to remain constant throughout the 5-year period. Because Florida does not have an individual income tax, you will pay only a federal tax of 40% on income earned in 2018. However, you are being transferred to New York at the beginning of next year, where you will be groomed for a top-level position in the firm. Thus, you expect that your combined federal, state, and NYC income tax rate will be 52% in 2019 and will remain at this level throughout the 5-year period. a. What is the highest deferred compensation payment that your employer would be willing to pay? _______________________________