Week $7$: Homework

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Problem $19-29($Algorithmic$)($LO$.3)$

At her death, Chow owned $55\%$ of the stock in Finch Corporation, with the balance held by family members. In the past five years, Finch has earned average net profits of $$1,800,000,$ and on the date of Chow's death, the book value of its stock is $$4,500,000.$ An appropriate rate of return for Finch's business is in is $4\mathrm{.}5\%.$

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If required, round your intermediate computations to the nearest dollar.

a$.$If goodwill exists, the total value of Finch stock is $fill in the blank $639$cdd$046070$ff$5\_1.$

What value would the IRS argue that the stock Chow owned should be included in her estate?