You are given the following facts about a 50% owner of an S corporation. Compute his ending stock basis. 
Definitions:
After-Tax Discount Rate
The rate used to discount future cash flows after taxes in investment analysis to find their present value.
Incremental Sales
The additional revenue generated from a particular business action or decision, beyond what would have been generated without it.
Operating Expenses
Expenses incurred through normal business operations, such as rent, utilities, and salaries.
Renovation Cost
The total expenses incurred in refurbishing and restoring a building or facility to either improve it or bring it back to its original condition.
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