Please answers to (a), (b), & (d)

Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $65,000 bill from her accountant for consulting services related to her small business. Reese can pay the $65,000 bill anytime before January 30 of next year without penalty. Assume Reese's marginal tax rate is 32 percent this year and 35 percent next year, and that she can earn an after-tax rate of return of 8 percent on her Investments a. What is the after-tax cost if she pays the $65,000 bill in December? After-tax cost b. What is the after-tax cost if she pays the $65,000 bill in January? Use Exhibit 3.1. (Do not round Intermediate calculations. Round your answer to the nearest whole dollar amount.) After-tax cost c. Should Reese pay the $65,000 bill In December or January? January December d. What is the after-tax cost if she expects her marginal tax rate to be 24 percent next year and pays the $65,000 bill in January? Use Exhibit 3.1. (Round your answer to the nearest whole dollar amount.) After-tax cost EXHIBIT 3-1 Present Value of a Single Payment at Various Annual Rates of Return 4% 5% 6% 7% 8% 9% 10% 11% 12% Year 1 962952943 935 926 917 909 901 893 Year 2 925907 .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 .731.677.627582 540502467 434 .404 Year 9 .703 .645 592 544 500 460 424 391 361 Year 10 .676 .614558 508 463 422 386 352 .322 Year 11 .650585527.475 429 388 350 317 .287 Year 12 .625 557 .497 444 397 356 319 286 .257 Year 13 .601 530 .469 .415 368 326 290 258 229 Year 14577505 .442 388 340 299 263232 205 Year 15 555 .481 .417 362 315 275 239 209 .183