Compute the after-tax cash flow from the sale of the following nonresidential property.

purchase price $450,000 with a $360,000 loan and no upfront financing costs. The market value of the property increased to $510,000 over the two year holding period and there will be 3% selling costs of the sales price on sale. The investor is in the 35% tax bracket while capital gains will be taxed at 15%. The balance on the loan at the time of the sale is $354,276. Land is comprised of 15%of the initial purchase price with the remaining 85% depreciated using straight line depreciation over 39 years. $30,000 in capx has been incurred since purchase. For simplicity add capx to the tax basis for depreciation purposes. You don't have to depreciate separately.

Group of answer choices

$188,349

$133,315

$267,945

$148,624