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Calculate the cash flow on the sale of a piece of real estate that you held for 12 years. You purchased the property for $133000
Calculate the cash flow on the sale of a piece of real estate that you held for 12 years. You purchased the property for $133000 and sold the property for $391000. The sales commission was split between the buyer and the seller. Use the following constants: Sales commission: 6%; Capital Gains Rate: 15%; Corporate Tax Rate: 28%; Income Tax Rate 25%.
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