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Pls answer option 2 only. Hill Corporation is in the leasing business and faces a marginal tax rate of 21 percent. It has leased a

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Hill Corporation is in the leasing business and faces a marginal tax rate of 21 percent. It has leased a building to Whitewater Corporation for several years. Hill bought the building for $150,000 and claimed $20,000 of depreciation deductions against the asse The lease term is about to expire and Whitewater would like to acquire the building. Hill has been offered two options to choose from Option Like-kind exchange Detalls Whitewater would provide Hill with a like-kind building. The like-kind building has a fair market value of $135,000. whitewater would provide Hill with two payments of $69,000. It would use the proceeds to purchase another building that it could also lease Installment sale Required: o. Ignoring time value of money provide the after-tax value for Hill under each of the options, assuming it is indifferent between the proposals based on nontax factors. b. Which option provides the greater benefit? Complete this question by entering your answers in the tabs below. Reg a Reg b Ignoring time value of money, provide the after-tax value for Hill under each of the options, assuming it is indifferent between the proposals based on nontax factors. $ Option 1. Like kind exchange Option 2: Installment sale 135,000 0 5 Reqb >

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