46. A property is sold for $7,200,000 with total selling costs at 5% of the sales price. The mortgage balance at the time of sale is $3,600,000. The property was purchased five years ago for $5,400,000. Annual depreciation deductions of $120,000 have been taken each year for tax purposes. If the combined federal and state tax rates on capital gains are 30%, what is the after-tax cash flow from the sale of the property?

a. $2,808.000

b. $2,628,000

c. $2,520.000

d. $2,700.000