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Required information [The following wombion applies to the questions displayed below] XYZ Corporation has a deferred compensation plan under which it allows certain employees to

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Required information [The following wombion applies to the questions displayed below] XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 40 percent of their salory for five years. For purposes of this problem, ignore payroll taxes in your computotions. Note: Round your intermediate calculations and finol onswers to the nearest whole dollor amount. Assume Julie, an XYZ employee, has the option of participating in XYZ's deferred compensation plan Julie's marginal tox rate is 37 ercent, and she expects the rate to remain constant over the next five years. Julie is trying to decide how much deferred ompensotion she will need to receive from XYZ in five years to make her indifferent between receiving the current salary of $18,600 nd receiving the deferred compensation payment. If Julie takes the salary, she will invest it in a taxable corporate bond poying terest at 5 percent annually (ofter taxes). What amount of deferred compensation would accomplish this objective

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