Open with re Suppose a company is faced with expected losses of $9 million $7 million will be paid at the end of year 1, and $2 million will be paid at the end of year 2. The tax rate for the firm is 35% and the appropriate discount rate is 8%. Show the expected tax benefit for the firm if it were an insurance firm. O $1.91 million O $0.91million O $2.91 million $3.91 million