Jack inherits stock (a capital asset) from his brother, who died in March of 2021, when the property had a $7.5 million FMV. This property is the only property included in his brother's gross estate and there is a taxable estate. The FMV of the property as of the alternate valuation date was $7.3 million. (Click the icon to view the rates for ANCG.) (Click the icon to view the tax table for single taxpayers.) Requirement a. Why might the executor of the brother's estate elect to use the alternate valuation date to value the property? (Enter your answer in whole dollars.) The executor of the brother's estate may elect the alternative valuation date to value the property because the value of the taxable estate would be 200000 less and the estate tax is reduced Requirement b. Why might Jack prefer the executor to use FMV at time of the death to value the property? (Enter your answer in whole dollars.) Jack might prefer the executor to use FMV at the time of death because would be Jack's basis for the property 200000 higher and he might have a smaller gain or larger loss when he sells or exchanges the land. Requirement c. If the marginal estate tax rate is 40% and Jack's marginal income tax rate is 32%, and his rate on ANCG is 15%, which value should the executor use? (Enter your answer in whole dollars.)