Toni's Typesetters is analyzing a possible merger with Pete's Print Shop. Toni's has a tax loss carryforward of

$ 300 comma 000$300,000,

which it could apply to Pete's expected earnings before taxes of

$150 comma 000150,000

per year for the next 5 years. Using a

3838%

tax rate, compare the earnings after taxes for Pete's over the next 5 years both without and with the merger.

Without the merger, Pete's Print Shop's earnings after taxes in years 1 through 5 is

$nothing.

(Round to the nearest dollar.)