$-9,3.$ In the current year $($year $0),$ Amisha became a shareholder in Sultan, Inc., a calendar year S corporation, by contributing $$15,000$ cash in exchange for stock. Shortly before the end of the year, Sultan's CFO notified Amisha that her pro rata share of ordinary loss for the year would be $$55,000.$ Amisha immediately loaned $$40,000$ to Sultan in exchange for a two$-$year, interest$-$bearing corporate note. Consequently, she had enough stock and debt basis to allow her to deduct the $$55,000$ loss on her current year return. Compute the NPV of Amisha's cash flow associated with her loan in the following three cases. In each case, assume she has a $35$ percent marginal tax rate on ordinary income, a $15$ percent rate on capital gains, and a $6$ percent discount rate$\mathrm{.}10$a$.$ For the next two years $($years $1$ and $2),$ Amisha's share of Sultan's ordinary income totaled $$49,000,$ and Sultan did not distribute cash to its shareholders. However, it did repay the $$40,000$ loan plus $$3,800$ interest in year $2.$b$.$ For the next two years $($years $1$ and $2),$ Amisha's share of Sultan's ordinary income totaled $$19,100,$ and Sultan didnot distribute any cash to its shareholders. However, it did repay the $$40,000$ loan plus $$3,800$ interest in year $2.$ c$.$ For the next two years $($years I and $2),$ Amisha's share of Sultan's ordinary loss totaled $$11,400.$ In year $2.$ the corporation declared bankruptcy and defaulted on all its debts, including the loan from Amisha