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Madison recently received an offer for the shares of her corporation, Forefront Consultants Ltd.Madison's shares have an adjusted cost base of $650,000.Forefront is not a

Madison recently received an offer for the shares of her corporation, Forefront Consultants Ltd.Madison's shares have an

adjusted cost base of $650,000.Forefront is not a qualified small business corporation for purposes of the lifetime capital

gains deduction.Although Madison would like to sell her shares and retire, she will only sell her shares if her after tax

retention from the sale totals at least $2 million.Required: Assuming that Madison's combined personal federal and

provincial marginal tax rate is 50%, what is the minimum price Madison should accept for her shares to retain $2,000,000

net after tax?

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