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Paula is starting a new business and deciding whether to organize it as an LLC or a C corporation. She projects that the business will

Paula is starting a new business and deciding whether to organize it as an LLC or a C corporation. She projects that the business will have a net loss for tax purposes of $200,000 in 2022(the first year of operations). She then expects the business to have taxable incomeof $10,000 in 2023 and taxable incomeof $300,000 in 2024. The following assumptions apply:1Paula's individual marginal tax rate is 35% and the corporate tax rate is 21%.2Assume a discount rate of 5%3Paula is not subject to any limitations on deducting flow-through losses on her individual return4The business will not distribute any money to Paula during these three years5Ignore the QBI deduction and self-employment taxesCalculate the NPV of the tax cost or benefit if she organizes as an LLC or if she organizes as a C corporation. Enter any tax COST as a negative number; enter any tax BENEFIT as a positive number. Round all intermediate calculations and final answers to the nearest whole dollar.HINT: If you need to carry forward any net operating losses, recall the NOL carryover rules!Tax cost or benefit if LLC:Tax cost or benefit if C Corporation:

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