Max is the sole shareholder of Smart Corporation. He started the internet company five years ago and has been working hard to turn a profit. Predicting that Smart will to be very profitable next year, Max had Smart borrow $250,000 to pay him the salary he rightly deserves. At the end of the current year, Smart has total assets of $400,000 and liabilities of $350,000. Max's basis in his stock is $200,000. Next year, Smart does become profitable and Max is approached by Buyall Corporation, a competitor, to sell Smart. Rather than a sale, Max suggests a merger in which he receives stock in Buyall in the amount of $700,000 plus $50,000 cash for all the assets and liabilities associated with the assets ($150,000). Buyall counters with an offer of $650,000 in Buyall stock for all of the assets and the $250,000 salary liability. Should Max take Buyall's offer or insist on what he wants?