Your client, Alexander J. Bigshot, is an extremely successful real estate developer. He owns most of his holdings through an S corp., Bigshot, Inc., that he formed in 2016. (You advised him not to put his investments into corporate solution, but he disregarded your advice and said you were a loser for making the suggestion.) In 2016, Mr. Bigshot invested $100 million of cash in Bigshot, Inc. in exchange for 100% of Bigshots stock. Bigshot, Inc. invested $75 million of cash as a down payment to purchase a number of real estate rental properties in 2016. Bigshot, Inc. was able to leverage its investment as it borrowed $300 million of qualified nonrecourse financing to