A mid-cap technology company has received a \($50\) million offer to be purchased by a larger company. The purchaser is open to numerous ways to structure the deal: a stock or an asset purchase, plus they are willing to give cash or their own stock. For the target company: the sole shareholder (an individual) has a stock basis of \($20\) million, the adjusted basis of assets is \($30\) million, and there is a \($5\) million NOL carryforward. Discuss the federal tax and the state and local taxation (SALT) consequences under all scenarios.