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Most www. 2 Probleme Medule Textbook Problem 2 Learning Cojecte - 1 Explain the advantage of trup less in phugnanty Grant and we compostownictwa 000 peaming out the Required en expected to concealer the hosted with the percent of natural Intermediate computer. Hound your finanswer to the whole Now that we are to be me Sport in Maceite glossAssume the best Problem: Module 9 Textbook Problem 2 Learning Objective: 9-1 Explain the advantage of start-up losses in a passthrough entity Grant and Marvin organized a new business as a corporation in which they own equal interests. The new business generated a $65,000 operating loss for the year. Required: o. Assume the corporation expects to generate $500,000 of income next year and has a 21 percent tax rate Calculate the net present value of the future tax savings associated with the current year operating loss, using a 4 percent discount rate. (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.) NPV of future tax savings b. Now assume that the corporation makes an election under Subchapter to be treated as a passthrough entity. If Grant's marginal tax rate is 35 percent and Marvin's marginal tax rate is 37 percent, calculate the tax savings associated with the current year operating loss. Assume the basis and excess business loss limitations do not apply. Current year tax savings