Problem 7-41 (LO. 5) Sinopia completed a corporate restructuring transaction with Cyan on May 31 of the current year. Cyan distributed 30% of Sinopia's stock to its shareholders in exchange for all of their stock in Cyan. At the completion of the reorganization, Cyan's assets were worth $900,000, its liabilities were $350,000, and it held an NOL carryover of $207,674. The applicable Federal long-term tax-exempt rate is 3%, and Sinopia is in the 25% Federal income tax bracket. Sinopia earns a 6% after-tax rate of return. Click here to access the present value tables. Assume a 365-day year. Round any division to four decimal places and use in subsequent computations. If required, your final answers round to the nearest dollar. a. What is the amount of NOL that Sinopia may use in the current year? $ 16,500 X b. Compute the yearly tax benefit of the NOL $ 4,125 c. What is the net present value of the NOL carried forward to future years? $ 17,140 X