Harold Warren Incorporated Warren Enterprises Ltd

Harold Warren incorporated Warren Enterprises Ltd.at the beginning of the current year. In addition to a $100,000 cash contribution, Harold contributed assets with a total tax value of $100,000 and a total fair market value of $150,000.In return, he receives
25,000 voting shares in the new corporation.If he elects a value that will result in mini- mum current Tax Payable, the adjusted cost base of the voting shares will be:

A) $100,000.
B) $150,000.
C) $200,000.
D) $250,000.