At the time of her death in 2021, Wanda has an adjusted gross estate of $6,500,000. Her estate includes the family farm, with a most suitable use value of $3,300,000 and a current use value of $2,300,000. The farm is inherited by Jim, Wanda’s son, who has worked it for her since 2005. Jim plans to continue farming there indefinitely.

a. Based on the information given, is the § 2032A election available to Wanda’s estate?

b. If so, what estate tax value is used for the farm if the election is made?

c. Express your solution to part (b) as a Microsoft Excel formula.