Required information [The following information applies to the questions displayed below.] Paolo is a 50 percent partner in the Capri Partnership and has decided to terminate his partnership interest. Paolo is considering two options as potential exit strategies. The first is to sell his partnership interest to the two remaining 25 percent partners, Giuseppe and Isabella, for $105,000 cash and the assumption of Paolo's share of Capri's liabilities. Under this option, Giuseppe and Isabella would each pay \$52,500 for half of Paolo's interest. The second option is to have Capri liquidate Paolo's partnership interest with a proportionate distribution of the partnership assets. Paolo's basis in his partnership interest is $110,000, including Paolo's share of Capri's liabilities. Capri reports the following balance sheet as of the termination date: Required: e1. Assume Paolo's marginal tax rate is 35 percent, and his capital gains rate is 15 percent. What is his cash after tax if he sells his partnership interest to his partners? e2. Assume Paolo's marginal tax rate is 35 percent, and his capital gains rate is 15 percent. What is his cash after tax if his partnership interest is liquidated with a proportionate distribution and he sells the distribution assets immediately following the distribution? Assume Paolo's marginal tax rate is 35 percent, and his capital gains rate is 15 percent. What is his cash after tax if he sells his partnership interest to his partners