An investor purchased an auto body shop for $$200,000$ using a mortgage of $70$ percent of the purchase price. The loan terms were: $6$ percent interest rate, $25-$year amortization period, $10-$year term, $12$ payments per year, and loan costs of $2$ percent of loan amount. The buyer incurred acquisition costs of $$8,000.$ At the time of purchase the original basis was allocated $75$ percent for improvements and $25$ percent for land. The projected NOI for year one is $$25,000.$

This investor's marginal tax rate is $28$ percent, so what is the cash flow after tax for year one of the projection?

$$10,662$

$$11,109$

$$12,549$

$$14,176$