Henrietta, the owner of a very successful hotel chain in the southeast, is exploring the possibility of expanding the chain into a city in the northeast. she incurs $49,500 of expenses associated with this investigation. based on the regulatory environment for hotels in the city, she decides not to expand. during the year, she also investigates opening a restaurant that will be part of a national restaurant chain. her expenses for this are $50,000. she proceeds with opening the restaurant, and it begins operations on may 1. determine the amount that henrietta can deduct in the current year for investigating these two businesses.