Irene is saving for a new car she hopes to purchase either four or six...
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Irene is saving for a new car she hopes to purchase either four or six years from now. Irene invests $ in a growth stock that does not pay dividends and expects a percent annual beforetax return the investment is tax deferred When she cashes in the investment after either four or six years, she expects the applicable marginal tax rate on longterm capital gains to be percent. Note: For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Required: a What will be the value of this investment four and six years from now? b When Irene sells the investment, how much cash will she have after taxes to purchase the new car four and six years from now 
Irene is saving for a new car she hopes to purchase either four or six years from now. Irene invests $ in a growth stock that
does not pay dividends and expects a percent annual beforetax return the investment is tax deferred When she cashes in the
investment after either four or six years, she expects the applicable marginal tax rate on longterm capital gains to be percent.
Note: For all requirements, do not round intermediate calculations. Round your final answers to nearest whole dollar amount.
Required:
a What will be the value of this investment four and six years from now?
b When Irene sells the investment, how much cash will she have after taxes to purchase the new car four and six years from now
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