Taxation Question - Alfie plans on investing $400,000 in a new business, Camden Town Track. The business will invest in a project that earns an annual pretax rate of return of 22%. If Alfie organizes the business as a C Corp, it will face a 21% corporate tax rate. Alfie's personal tax rate on pass-through income would be 25.6% (including the benefit of QBI), and his tax rate on long-term capital gains would be 15%. He expects to liquidate the corporation after 5 years. Part A-What would be Alfie's annualized after-tax return if he organizes the business a C Corp? Part B - What would be Alfie's annualized after-tax return if he organizes the business as a flow-through entity? Part C- How would an increase in Alfie's investment horizon to 20 years affect his organizational form preference