Leslie participates in IBOs nonqualified deferred compensation plan. For 2018, she is deferring 10 percent of her $300,000 annual salary. Based on her deemed investment choice, Leslie expects to earn a 7 percent before-tax rate of return on her deferred compensation, which she plans to receive in 10 years. Leslies marginal tax rate in 2018 is 32 percent. IBOs marginal tax rate is 21 percent (ignore payroll taxes in your analysis). (Use Table 3, Table 4.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

a. Assuming Leslies marginal tax rate in 10 years (when she receives the distribution) is 33 percent, what is Leslies after-tax accumulation on the deferred compensation?

b. Assuming Leslies marginal tax rate in 10 years (when she receives the distribution) is 20 percent, what is Leslies after-tax accumulation on the deferred compensation?

c. Assuming IBOs cost of capital is 8 percent after taxes, how much deferred compensation should IBO be willing to pay Leslie that would make it indifferent between paying 10 percent of Leslies current salary or deferring it for 10 years?