Given the following property facts, what is the expected after-tax equity reversion if selling costs at reversion are 2.5%, and the mortgage balance at the end of the holding period is $1,146,000.

Purchase Price		$2,500,000
Annual Depreciation Expense		$62,000
Holding Period		5 Years
Annual Appreciation Rate		5.00%
Capital Gains Tax Rate		30.00%
Depreciation Recapture Tax Rate		25.00%

A) $1,699,260

B) $1,900,982

C) $1,680,225

D) $1,869,982