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Required intorn:ation [The following informstion opplies to the questions displayed beiow] XYZ Corporation has a deferred compensation plan under which it allows certain employees to

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Required intorn:ation [The following informstion opplies to the questions displayed beiow] XYZ Corporation has a deferred compensation plan under which it allows certain employees to defer up to 40 percent of their solary for five yeors. For purposes of this problem, ignore poyroll taxes in your computations. Note: Round your intermediate calculations and final answers to the nearest whole dollar amount. Assume XYZ hos a marginal tax rote of 21 percent for the foreseeable future and earns an after-tax rate of return of 12 percent on its ssets. Joel Johnson, XYZ's VP of finance, is ottempting to determine what amount of deferred compensation XYZ should be willing to ay in five years that would moke XYZ indifferent between paying the current salory of $18,600 and paying the deferred mpensation. What amount of deferred compensation would accomplish this objective

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