Prepare a Business Valuation for an S Corporation and an otherwise identical C Corporation: Assumptions: Corporate Tax Rate = 21% Combined Individual Tax Rate=30% Qualified Business Income Deduction-20% All income is distributed, individual dividend tax rate=20% Capitalization Rate-25% Cash Flow before Taxes Less: Out of Pocket Tax Payments Corporate Income Taxes Individual Taxes Net Taxes Net Cash Flow before Dividend distribution Dividend tax paid by shareholder Net Cash Flow Benefit to Shareholder After Taxes Captalization Rate Value of Controllling Interest C Corporation v. S Corporation Valuation C Corporation $300,000 S Corporation $300,000