A property is sold for $5,100,000 with selling costs of 3% of the sales pric. The mortgage balmce at the time of sale is $3,600,000. The property was purchased 3 years ago for $4,820,000. Total depreciation allowances of $153,000 has been taken. If the tax rate on depreciation recapture is 25% and the capital gains tax rate is 15%, what is the after-tax cash flow from the sale of the property?

answer choices are

A) $1,097,000

B) $1,290,000

C)$1,300,000

D) $1,347,000

Please explain and solve the problem