This is from the Entrepreneurial Finance (4th Edition), on here. There are no answers for Questions 5 to 8. Please, I need those answered thank you. Please! Figure Added!

Organizing and Operating the Venture B. Your operations manager has developed a "new" process and you have heard that he plans to personally apply for a business methods patent. What action(s) would you take? 5. [Income Taxes] The Capital-Ideas Company is in its development stage and is deciod ing how to formally organize its business venture. The founder, Rolf Lee, is consid- ering organizing as either a proprietorship or a corporation. He expects revenues to be $2 million next year with total expenses amounting to $1.625 million, resulting in a taxable income of $375,000. Rolf is interested in estimating his federal income tax liability based on the schedules contained in Figure 3.6. A. Calculate the amount of federal income tax that Rolf would pay if Capital-Ideas is organized as a proprietorship. What would be the marginal tax rate on the last dollar of taxable income and what would be the ave rage tax rate? B. Calculate the amount of federal income tax that the Capital-Ideas Company would have to pay if the venture is organized as a regular corporation. What would be the marginal tax rate on the last dollar of taxable income and what would be the average tax rate? C. If the Capital-Ideas Company is organized as a corporation and al after-tax profits are paid out as dividends to Rolf Lee, what additional personal income taxes would be paid? What would be the marginal tax rate and the average tax rate on this personal income received from the corporation? 6. IIncome Taxes] In the second year of operation, the Capital-Ideas Company forecasts revenues to grow to $5 million and expenses, before income tax, to be 70 percent of revenues. Rework Parts A, B, and C of Problem 5 to reflect this new level of revenues and expenses. 7. [Income Taxes] Rolf Lee is now exploring whether it might be better to organize the Capital-Ideas Company as a subchapter S corporation based on information con- tained in Problem 5 A. Calculate the amount of federal income tax that the Capital-Ideas Company B. What would be the marginal tax rate on the last dollar of taxable income and 8. [Income Taxes] Rolf Lee is also considering organizing the Capital-Ideas Company as A. Use information contained in Problem 6 to estimate the federal income tax lia- B. What would be the marginal tax rate on the last dollar of taxable income and would pay next year what would be the average tax rate? an LLC. bility in the second year of operation if Capital-Ideas is an LLC what would be the average tax rate? 9. [Intellectual Property] Francine Delgado, founder of the HairCare Products Com pany, has developed HairCarePlus, which is a shampoo product containing healthy nutrients that are absorbed through the scalp when the product is used. She also be- lieves that preliminary tests of HairCarePlus show that product residues are environ mentally safe. A. Francine was wondering whether she might be able to patent the HairCarePlus product. What are the characteristics of patents and what type of patent, if any, might Francine seek? B. What other ways, other than through patents, might Francine explore to try to protect the HairCarePlus product? Organizing and Operating the Venture B. Your operations manager has developed a "new" process and you have heard that he plans to personally apply for a business methods patent. What action(s) would you take? 5. [Income Taxes] The Capital-Ideas Company is in its development stage and is deciod ing how to formally organize its business venture. The founder, Rolf Lee, is consid- ering organizing as either a proprietorship or a corporation. He expects revenues to be $2 million next year with total expenses amounting to $1.625 million, resulting in a taxable income of $375,000. Rolf is interested in estimating his federal income tax liability based on the schedules contained in Figure 3.6. A. Calculate the amount of federal income tax that Rolf would pay if Capital-Ideas is organized as a proprietorship. What would be the marginal tax rate on the last dollar of taxable income and what would be the ave rage tax rate? B. Calculate the amount of federal income tax that the Capital-Ideas Company would have to pay if the venture is organized as a regular corporation. What would be the marginal tax rate on the last dollar of taxable income and what would be the average tax rate? C. If the Capital-Ideas Company is organized as a corporation and al after-tax profits are paid out as dividends to Rolf Lee, what additional personal income taxes would be paid? What would be the marginal tax rate and the average tax rate on this personal income received from the corporation? 6. IIncome Taxes] In the second year of operation, the Capital-Ideas Company forecasts revenues to grow to $5 million and expenses, before income tax, to be 70 percent of revenues. Rework Parts A, B, and C of Problem 5 to reflect this new level of revenues and expenses. 7. [Income Taxes] Rolf Lee is now exploring whether it might be better to organize the Capital-Ideas Company as a subchapter S corporation based on information con- tained in Problem 5 A. Calculate the amount of federal income tax that the Capital-Ideas Company B. What would be the marginal tax rate on the last dollar of taxable income and 8. [Income Taxes] Rolf Lee is also considering organizing the Capital-Ideas Company as A. Use information contained in Problem 6 to estimate the federal income tax lia- B. What would be the marginal tax rate on the last dollar of taxable income and would pay next year what would be the average tax rate? an LLC. bility in the second year of operation if Capital-Ideas is an LLC what would be the average tax rate? 9. [Intellectual Property] Francine Delgado, founder of the HairCare Products Com pany, has developed HairCarePlus, which is a shampoo product containing healthy nutrients that are absorbed through the scalp when the product is used. She also be- lieves that preliminary tests of HairCarePlus show that product residues are environ mentally safe. A. Francine was wondering whether she might be able to patent the HairCarePlus product. What are the characteristics of patents and what type of patent, if any, might Francine seek? B. What other ways, other than through patents, might Francine explore to try to protect the HairCarePlus product