Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow the scholarship with $665,000 cash or with $665,000 worth of marketable securities with a cost basis of $399,000. If her AGI is $3.8 million, compute the after-tax cost of the two endowment options. Use Individual tax rate schedules. (Enter your answers in dollars not in millions of dollars.)
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