A property was held for 8 years and appreciated in value by $400,000. The investor recorded $36,900 of depreciation per year during the 8 year holding period. How much after tax cash flow is generated by the sale if the investor received $987,700 from the sale (after accounting for the cost of sale and loan payoff)? Assume the investor is in the 20% tax bracket for price appreciation and use a tax rate of 25% for depreciation recapture.