The Board of Directors of Teton Pearl, Inci, a private foundation, consists of Charlyne, Beth, and Carlos. They vote unanimously to provide a $739,000 grant to Carlos. The grant is to be used for trovel and education and does not qualify as a permitted grant to individuals (Le., it is an act of sell-dealing). If an amount is zero, enter " 0 ". a. The initial tax imposed on Teton Peart is 4 and on Carlos is $ Fentowk r ched Wr Wok. In generat, a private foundetion is exempt from Federal income tax. However, because a private foundation is usually not a broadly, pubilicly supported organization, it may be subject to several Federal exclse taxes. b. The initial tax imposed on the foundation managers (the Board of Directors) is 1 Temina: Toleck When incorrect c. Select from the chaices below which one properily expressea the computation in part (b) as a Microsoft Excel formula. Use the variable names "MGPUNTRX' for the initial self-dealing tax and "stLFDEALAMT" for the amount of self-dealing expenditures. MGRINITAX MIN(20000, SFLEDEALAMT *.05) = Fonther: Toive Wy Won