Zeta Corporation is interested in acquiring Tau Corporation through a "Type A$"$ reorganization on January $2$ of the current year. Zeta stock is valued at $$50,000,000$ and generates $$5,000,000$ of taxable income yearly. Tau is valued at $$7,000,000$ and holds a $$1,470,000$ NOL with nine years remaining of the carryover period. Zeta earns a $7\%$ after$-$tax rate of return and the Federal long$-$term tax$-$exempt rate is $3\%.$

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Use a combined marginal state and Federal income tax rate of $25\%.$ If required, round your answers to the nearest dollar.

a$.$ Compute the Section $382$ limitation$.$

$fill in the blank $1$

b$.$ Compute the yearly tax benefit of the NOL.

$fill in the blank $2$

c$.$ The maximum amount Zeta Corporation should value Tau Corporation's NOL is $fill in the blank $3.$

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