Problem 02-01 (Algo) [LO 2-1] Country M levies a 10 percent excise tax on the retail price of any automobile purchased in the country. This year, the aggregate purchase price subject to tax was $8.3 million, so current year revenue was $830,000. Country M plans to increase the tax rate next year to 11 percent. Required: a. Compute next year's excise tax revenue assuming next year's tax base equals the current year base. b. Compute next year's excise tax revenue assuming next year's tax base increases to $9.6 million. c. Compute next year's excise tax revenue assuming next year's tax base decreases to $7.3 million. Complete this question by entering your answers in the tabs below. Required A Required B Required C inces Compute next year's excise tax revenue assuming next year's tax base equals the current year base. Note: Enter your answer in dollars not in millions of dollars. Excise tax revenue