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Week 7: Homework Problem 19-29 (Algorithmic) (LO. 3) At her death, Chow owned 55% of the stock in Finch Corporation, with the balance held

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Week 7: Homework Problem 19-29 (Algorithmic) (LO. 3) At her death, Chow owned 55% of the stock in Finch Corporation, with the balance held by family members. In the past five years, Finch has earned average net profits of $1,740,000, and on the date of Chow's death, the book value of its stock is $4,350,000. An appropriate rate of return for Finch's business is in is 10.85%. If required, round your intermediate computations to the nearest dollar. a. If goodwill exists, the total value of Finch stock is $ X. What value would the IRS argue that the stock Chow owned should be included in her estate? Feedback Check My Work Revenue Ruling 59-60 sets forth the approach, methods, and factors to be considered i gift and estate tax purposes. b. Considering the facts given, identify some factors that could be present to reduce the value of such goodwill by selecting "Yes" for ones that can impact a goodwill valuation and

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