Three years ago, the Breakpoint Corporation raised $8 million by issuing 20-year, zero-coupon bonds. Suppose you bought 100 of the Breakpoint bonds on the day the new issues were offered to the public. How much would you be taxed on your investment if you sold the bonds today? Assume that you have a marginal tax rate of 20% and your colleague, a bond trader, just informed you that investors would use an 8.75% discount rate on such bonds.