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In: Accounting3.Tremaine would like to organize UTA as either an S Corporationor a C corporation....3.Tremaine would like to organize UTA as either an S Corporationor a C corporation. In either form, the entity will generate a 9percent annual before-tax return on a $1,000,000 investment.Tremaine’s marginal income tax rate is 37 percent and his tax rateon dividends and capital gains is 23.8 percent (including the netinvestment income tax). If Tremaine organizes UTA as an Scorporation he will be allowed to claim the deduction for qualifiedbusiness income. Also, because Tremaine will participate in UTA’sbusiness activities, the income from UTA will not be subject to thenet investment income tax. Assume that UTA will pay out 100 percentof its after- tax earnings every year as a dividend if it is formedas a C corporation. (Round your intermediate computationsto the nearest whole dollar amount.)a. How much cash after taxes would Tremainereceive from his investment in the first year if UTA is organizedas either an S corporation or a C corporation?