Problem 26-27 (LO. 6) The following independent cases involve the value of a closely held business in the decedent's gross estate. Reported Value corrected IRS Valuation $25,000 $20,000 100,000 150,000 250,000 150,000 150,000 500,000 Compute the undervaluation penalty for each assuming a marginal Federal estate tax rate of 40%. If there is no penalty, enter "0". Undervaluation Penalty Reported Value $20,000 100,000 150,000 150,000