An owner, who bought an industrial building without financing on January $1^{st}$ eight years ago for $$8,000,000$ is selling the property on December ${31}^{st}$ of the current year for $$8,900,000$ and will incur a cost of sale of $3$ percent of the sale price. The property allocation was $70$ percent for improvements and $30$ percent for land at the time of purchase. The owner's tax rates are $35$ percent for ordinary income, $25$ percent for cost recovery recapture, and $20$ percent for capital gain from appreciation. What are the proceeds after tax for this sale?

$$8,633,000$

$$6,863,312$

$$8,900,000$

$$8,222,316$