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William wants to transfer $11,400,000 in 2020 to his grandson Drew. William has already used his lifetime GST exemption and already transferred the annual exclusion

William wants to transfer $11,400,000 in 2020 to his grandson Drew. William has already used his lifetime GST exemption and already transferred the annual exclusion amount to Drew earlier in the year. Calculate the total transfer tax assuming the tax rate of 40%.

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