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Leslie participates in IBO's nonqualified deferred compensation plan. For 2017, she deferring 10 percent of her $310,000 annual salary. Based on her deemed investment choice,

Leslie participates in IBO's nonqualified deferred compensation plan. For 2017, she deferring 10 percent of her $310,000 annual salary. Based on her deemed investment choice, Leslie expects to earn a 7 percent before-tax rate on return on her deferred compensation, which she plans to receive in 10 years. Leslie's marginal tax rate in 2017 is 30 Percent. Ignore payroll taxes in your analysis. Assuming Leslie's marginal tax rate in 10 years when she receives the distribution is 33 percent, what is Leslie's after-tax accumulation on the deferred compensation?

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