Daniel purchased a rental property on 3 July 2018 and immediately rented it out earning $520 per week in rental income. He paid the following amounts in relation to the property Purchase price $400,000 Stamp duty on purchase $3.500 Legal fees to transfer title to him $1,300 Interest paid on loan to purchase the property $28,000 Extension to main bedroom $14.000 Rates paid to the local council $1,500 What will be Daniel's cost base of the rental property for CGT purposes based on the above expenditure? $448,300 B) $420,300 $418,800 $417,500