Question: Shawn bought ABC Corp which is classified as a small business corp. for $150,000 several years ago. His business is growing at the rate of

Shawn bought ABC Corp which is classified as a small business corp. for $150,000 several years ago. His business is growing at the rate of 6% per year. At present his business is worth $900,000. The life time capital gains exemption is $800,000. He is thinking about selling his business in 10 years' time. Given that he is in a 35% tax bracket, what would be his net income at that time?

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