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Problem 18-04 (Algo) (LO 18-1] 4 Collin Products received notice of a $27,000 income tax deficiency plus $4,000 interest. The deficiency related to an incorrect

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Problem 18-04 (Algo) (LO 18-1] 4 Collin Products received notice of a $27,000 income tax deficiency plus $4,000 interest. The deficiency related to an incorrect method of accounting for business inventory. 1 points Required: a. Compute the after-tax cost of the $4,000 interest payment assuming that Collin Products is a corporate taxpayer with a 21 percent marginal tax rate. b. Compute the after-tax cost of the $4,000 interest payment assuming that Collin Products is a sole proprietorship owned by Leslie Collin. Leslie's marginal tax rate on her Form 1040 is 37 percent. eBook Complete this question by entering your answers in the tabs below. Print Required A Required B References Compute the after-tax cost of the $4,000 interest payment assuming that Collin Products is a corporate taxpayer with a 21 percent marginal tax rate. After-tax cost Required A Required B Compute the after-tax cost of the $4,000 interest payment assuming that Collin Products is a sole proprietorship owned by Leslie Collin. Leslie's marginal tax rate on her Form 1040 is 37 percent. After-tax cost

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