Question: Could you answer this question? I am having problems getting the correct answer AI Simpson helped start Excel Systems in 2010. At the time. he

Could you answer this question? I am having problems getting the correct answer

AI Simpson helped start Excel Systems in 2010. At the time. he purchased 119,000 shares of stock at $1 per share. In 2015, he has the opportunity to sell his interest in the companyr to Folsom Corp. for $30 a share in cash. His capital gains tax rate would be 10 percent. a. If re sells his interest, what will be the value for before-tax profit, taxes, and aftertax prot? {Do not round Intermediate calculations. Round your final answers to the nearest dollar amount.) b. Assume. instead of cash. he accepts Folsom Corp. stock valued at $30 per share. He pays no tax at that time. He holds the stock for ve years and then sells it for $80.50 (the stock pays no cash dividends}. What will be the value for before-tax prot. taxes. and aftertax prot in 2020? His capital gains tax is once again 10 percent. {Do not round Intermediate calculations. Round your nal answers to the nearest dollar amount.) c. What is the present value (Year 2015) of the after-tax prot computed in Requirement b? Use a 10 percent discount rate. Use appendix B as an approximate answer. but calculate your nal answer using the formula and nancial calculator methods. {Do not round Intermediate calculations. Round your nal answer to the nearest dollar am ount} Afterlaxprot f
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