A property is sold for $5,100,000 with selling costs of 3% of the sales price. The mortgage balance at the time of sale is $3,600,000. The property was purchased 5 years ago for $4,820,000. Annual depreciation allowances of $148,415.71, have been taken. If the ordinary tax rate is 28% and the capital gains rate is 15%, , what is the after-tax cash flow from sale of the property?

A) $969,840

B) $1,097,218

C) $1,347,000

D) $1,184,062