Consider the following values. $NO{I}_{n+1}$:$$2\mathrm{.}8$ million. Cap rate: $7\mathrm{.}5\%.$ Brokerage commission: $3\%.$

Remaining mortgage balance: $$12$ million. Remaining book value: $$14$ million. Total depreciation taken: $$4\mathrm{.}9$ million. Recapture tax $($for depreciation taken$)$: $25\%.$ Tax on capital gain: $20\%.$ What is the after$-$tax cash flow from the sale?

Excel Link: Excel Sheet.xlsx

$$12,870,667$

$$19,525,667$

$$19,770,667$

$$24,213,333$