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Required information The following information applies to the questions displayed below.) . Tremaine would like to organize UTA as either an S Corporation or a C corporation. In either form, the entity will generate a 9 percent annual before tax return on a $1,000,000 investment. Tremaine's marginal income tax rate is 37 percent and his tax rate on dividends and capital gains is 23.8 percent (including the net investment income tax). If Tremalne organizes UTA as an Scorporation he will be allowed to claim the deduction for qualified business Income. Also, because Tremaine will participate in UTA's business activities, the income from UTA will not be subject to the net investment income tax. Assume that UTA will pay out 25 percent of its after-tax earnings every year as a dividend if it is formed as a C corporation (Do not round intermediate calculations and round your final answers to the nearest whole dollor.) Q. How much cash after taxes would Tremalne receive from his investment in the first year if UTA is organized as either ans corporation or a C corporation? Answer is complete but not entirely correct. After-tax cash flow $ 63,360 S corporation corporation s 54,178 b. What is the overall tax rate on UTA's income in the first year if UTA is organized as an S corporation or as a C corporation? (Round your final answers to 1 decimal place.) Overall Tax Rate S corporation C corporation c. What is the overall tax rate on UTA's income in the first year if it is organized as an Scorporation but UTA's income is not qualified business income? Overall tax rato 96 d. What is the overall tax rate on UTA's income if UTA's income is not qualified business income and Tremaine is a passive investor in UTA? (Round your final answers to 1 decimal ploce.) Overal taxtale %