A hotel was sold for $5 million. The investors originally purchased the hotel for $3.5 million five years ago. During their ownership of the hotel, the investors had recaptured depreciation of $600,000. Calculate the tax bill on the sale for investors. Assume the tax rate for long-term capital gain is 15% and short-term capital gain 30% and all other tax rate is 25%. $375,000 $380,000 $385,000 $390,000