14.18. Ten years ago, an investor acquired a property for $14 million. At the time of acquisition, the land value was estimated to be $2.1 million. The depreciation (cost recovery) period for the building is 27.5 years with depreciation being straight-line. Each year since she acquired the property, the investor has set aside $100,000 in a capital reserve account. The estimated current market value of the property is $20 million. If the investor were to sell the property today, what would be her total federal income taxes due at sale assuming that depreciation recaptureis taxed at 25% and capital gains at 15%? For simplicity, assume that the entire amount in the capital reserves account would be spent now, immediately before the property sale. Selling expenses will be 4% of the sale price.