Mrs. O is negotiating to purchase a tract of land from DC Company, a calendar year taxpayer. DC bought this land six years ago for $480,000. According to a recent appraisal, the land is worth $800,000 in the current real estate market. According to DC's director tax, the company's profit on the sale will be taxed at 30 percent if the sale occurs this year. However, this tax rate will definitely increase to 40 percent if the sale occurs next year. Mrs.O is aware of DC's need for haste and offers to pay $785,000 for the land wi a guarantee that the sale will close by December 31. a. Calculate the amount of after-tax cash for the each of the following alternatives b. Should DC accept Mrs. O's offer? Complete this question by entering your answers in the tabs below Required A Required B Calculate the amount of after-tax cash for the each of the following alternatives Alternative 1: If DC sells the land to Mrs. O this year. Tax cost Tax cost