of Julius has a 32 percent tax rate and a 11 percent after-tax rate of return, a $30,000 tax deduction in two years will save how much tax in today's dollars? Use Exhibit31. (Round discount factors) three decimal places.) Multiple Choice $28.000 a $9.874 $30,856 o $12.160 0 None of the choices are correct 7% EXHIBIT 3-1 Present Value of a Single Payment at Various Annual Rates of Return 4% 5% 6% 8% 9% 10% 11% 12% Year 1 962 952 .943 935 .926 917 .909 .901 .893 Year 2 925 .907 .890 .873 .857 .842 .826 .812 .797 Year 3 .889 .864 .840 .816 .794 .772 .751 .731 .712 Year 4 .855 .823 .792 .763 .735 .708 .683 .659 .636 Year 5 .822 .784 .747 .713 .681 .650 .621 .593 .567 Year 6 .790 .746 .705 .666 .630 .596 .564 .535 .507 Year 7 .760 .711 .665 .623 .583 .547 .513 482 452 Year 8 .731 .677 .627 .582 540 .502 467 434 404 Year 9 .703 .645 .592 .544 .500 460 424 .391 .361 Year 10 .676 .614 .558 .508 .463 422 .386 .352 .322 Year 11 .650 .585 .527 ,475 429 .388 .350 .317 287 Year 12 .557 .497 444 .397 .356 .319 .286 257 Year 13 .601 530 .469 .415 .368 .326 .290 .258 .229 Year 14 .577 505 442 .388 .340 .299 .263 .232 205 Year 15 .555 .481 .362 .315 .239 .209 .183 .625 .417 .275