If Rebecca was one of a group of shareholders who contributed qualifying property to a newly formed C corporation, NewCo, and the group received back 100% of the vote and value of the stock of NewCo what would be the basis in the stock Rebecca received if the property she contributed had a fair market value ("FMV") of $700,000, a tax basis of $400,000 and, in addition to receiving her shares of stock worth $600,000, she also received $100,000 in cash?