If Hugh disposed of 40% of his interest in Ballpark Ltd. now and he incurred expenses of $50,000 during the disposition, by how much would his tax liability increase, assuming his marginal tax rate has not changed from last year and that he is able to make full use of all available capital gains exemptions?
a. $ 13,263
b. $167,384
c. $ 93,000
d. $ 39,832