A 26,000 square foot multi-tenant retail property with an LA Fitness gym and a Chipotle restaurant in Cincinnati, Ohio was recently sold for $3,600,000. Selling costs, including a brokerage fee, totaled five percent of the purchase price. The mortgage loan balance at the time of sale was $1,880,000. The property was purchased eight years ago for $2,100,000, and annual depreciation deductions of $60,000 were taken each year for eight years for tax purposes. If the combined effective federal and state income tax rates on capital gains and tax depreciation recapture is 30%, what was the after-tax cash flow from the sale of the property? $1,270,000 $1,144,000 $1,126,000 $1,000,000