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Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow

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Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow the scholarship with $500,000 cash or with $500,000 worth of marketable securities with a cost basis of $318,000. Assume the taxable year is 2022. Required: If her AGI is $3.8 million, compute the after-tax cost of the two endowment options. Use Individual Tax Rate Schedules and for capital gains and qualified dividends. Note: Enter your answers in dollars not in millions of dollars. Answer is complete but not entirely correct

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