On December 31, 2018, Alpha Corporation, valued at $10,000,000, acquired BetaCo when BetaCo was valued at $5,000,000. BetaCo holds a capital loss carryforward of $220,000. At the end of 2019, Alpha reports taxable income before any carryovers of $750,000, consisting of $150,000 capital gains and $600,000 operating income. The applicable Federal long-term rate is 4%, and Alpha earns an 8% after-tax rate of return. Click here to access the present value tables. Question Content Area a. How much of the BetaCo carryovers may Alpha utilize in 2019? Alpha may use $fill in the blank 177f0f03dff0fb7_1 of the capital loss carryover. Question Content Area b. Alpha expects to generate $600,000 of taxable operating income for 2020 and 2021. In 2022, it expects to record $700,000 taxable income, including $100,000 of capital gains. What is the value of the capital loss carryforward to Alpha after 2019? Use a marginal state and Federal income tax rate of 25%. If required, round your answers to the nearest dollar. The present value of the capital loss carryforward after 2019 is $fill in the blank f5e3d3058ff0065_1.