A 1031 exchange involves a "sell" and a "buy" step. You bought an office building 3 years ago for $150 million with a $100 million interest-only mortgage. Assume you can sell the building for $200 million and have identified a $200 million U.S. Government-leased office building to acquire via a like-kind exchange. Assuming you will finance 70% of the government-leased property, how much cash do you have left after you complete the exchange? Assume a $6 million sales cost and a $1 million loan fee on the new financing. O $30 million O $33 million O $37 million O $39 million 4