A house valued today at $300,000 can be purchased using a 30-year 6% loan with fixed monthly payments for 85% of the house price and with closing costs at purchase of $3,000. What will be the "flipper's" recovery rate if he resells the house in three years for $330,000 assuming property taxes of $25,000 cumulatively over three years and other costs of $10,000 cumulatively over three years? Take into account the fact that interest in mortgage payments is tax-deductible and that property tax can be used as a deduction from the federal income tax, assuming the income tax rate of 30 percent. Negative Between 0 and 10% oc Between 10% and 20% Between 20% and 30% OB OD Between 30% and 40% OF Between 40% and 50% Above 50% 11:04