Pear, an individual, plans to start a small business, which will operate as a corporation. In year, she expects the corporation to generate an ordinary loss of $950,000. Subsequently, she expects the corporation to be profitable, and projects ordinary profit of $1,425,000 in year 1, and $2,375,000 in year 2. Pear's personal marginal tax rate an ordinary income is 37%. Assuming a corporate tax rate of 21% and a 10% discount rate, calculate the present value of expected tax costs on the business earnings for the first 3 years of operations if the business does not make an S. corporation election Assume the excess business loss limitation does not apply. Round your discount rate calculations to three decimal places. $853,623 5896,325 O $1.128.600 $502.640