Given the following property facts, what is the expected after-tax equity reversion if selling costs at reversion are 5%, and the mortgage balance at the end of the holding period is $1,280,000. Purchase Price Annual Depreciation Expense Holding Period Annual Appreciation Rate Capital Gains Tax Rate Depreciation Recapture Tax Rate $2,500,000 $62.000 7 Years 5.00% 30.00% 25.00% $1,648,038 $1,677,226 $1,823,926 $1,741,038