Required information Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below.] Nicole's employer, Poe Corporation, provides her with an automoblle allowance of $26,000 every other year. Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit. Problem 12-38 Part b (Algo) b. What is Poe's after-tax cost of providing the auto allowance? Answer is complete but not entirely correct. Required information Problem 12-38 (LO 12-3) (Algo) [The following information applies to the questions displayed below.] Nicole's employer, Poe Corporation, provides her with an automoblle allowance of $26,000 every other year. Her marginal tax rate is 32 percent. Answer the following questions relating to this fringe benefit. Problem 12-38 Part b (Algo) b. What is Poe's after-tax cost of providing the auto allowance? Answer is complete but not entirely correct