A farmer plans on selling the land in 6 years. He thinks the real land value will be $700 in 6 years. Suppose that the marginal tax rate is 21% and the inflation rate is 8%.(i) Calculate the nominal terminal value.a.$756.00b.$877.54c.$847.00d.$1,110.81e. None of the answers are correct(ii) Calculate the after-tax terminal value.a.$840.26b.$816.13c.$744.24d.$1,024.54e. None of the answers are correct
