Problem 03-12 (Algo) [LO 3-3] Firm E must choose between two alternative transactions. Transaction 1 requires a $12.050 cash outlay that would be nondeductible in the computation of taxable income. Transaction 2 requires a $18,200 cash outlay that would be a deductible expense. Required: a. Determine the after-tax cost for each transaction. Assume Firm E's marginal tax rate is 20 percent. b. Determine the after-tax cost for each transaction. Assume Firm E's marginal tax rate is 40 percent. Complete this question by entering your answers in the tabs below. Required A Required B Determine the after-tax cost for each transaction. Assume Firm E's marginal tax rate is 20 percent. (Negative amounts should be indicated by a minus sign.) After-tax cost Transaction 1 Transaction 2 Required B>