Use this information to answer questions 5 - 9 below. You are advising a high school basketball coach on whether to organize his summer basketball camps for elementary school children as a C corporation versus an S corporation. The coach plans to invest $10,000 in the corporation, operate the camps for 5 years, and then liquidate the corporation. If the business operates as a C corporation, the coach can recover his basis in the C corporation shares and pay tax on capital gains at a rate of 15%. The coach's marginal individual income tax rate is 32%. If the business operates as an S corporation, the coach is eligible for the QBI deduction because the athletic camp industry is not a QBI-prohibited industry. The expected pre- tax rate of return on the camps is 12% 5 Provide the following inputs to the formulas for the after-tax rate of return to the business. Length of investment horizon Before-tax rate of return Marginal tax rate, adjusted for QBI, if applicable Individual capital gains tax rate C corporation tax rate 6 If the business is organized as a Scorporation, the annual after-tax rate of return is Note: Round your final answer to two decimal places and do not enter a %. For example, if your calculated answer is 5.226%, enter 5.23 7. If the business is organized as a corporation, the annual after-tax rate of return is Note: Round your final answer to two decimal places and do not enter a %. For example, if your calculated answer is 5.226%, enter 5.23. 8 What is the minimum annual C corporation after-tax rate of return that will make Tom's business as a C corporation equivalent to ans corporation? Note: Round your final answer to two decimal places and do not enter a %. For example, if your calculated answer is 5.226%, enter 5.23. 91f the coach is only interested in maximizing his after-tax rate of return from his summer camp business, should the coach should organize the business as a C Corp or S corR