Leslie participates in IBO’s nonqualified deferred compensation plan. For 2020, she is deferring 10 percent of her $300,

[answerhappygod]

Leslie participates in IBO’s nonqualified deferred compensation
plan. For 2020, she is deferring 10 percent of her $300,000 annual
salary. Based on her deemed investment choice, Leslie expects to
earn a 7 percent before-tax rate of return on her deferred
compensation, which she plans to receive in 10 years. Leslie’s
marginal tax rate in 2020 is 32 percent. IBO’s marginal tax rate is
21 percent (ignore payroll taxes in your analysis). (Use Table 1.)
(Do not round intermediate calculations. Round your final answer to
the nearest whole dollar amount.) Problem 13-61 Part c (Static)
c. Assuming IBO’s cost of capital is 8 percent after taxes, how
much deferred compensation should IBO be willing to pay Leslie that
would make it indifferent between paying 10 percent of Leslie’s
current salary or deferring it for 10 years?