On March 3, 2018, Matt purchased and placed in service a building costing $12,000,000. The building has 10 floors. The bottom floors are rented out to businesses. The top seven floors are residential apartments. The gross rents from the businesses are $60,000 and the gross rents from the apartments are $110,000. Determine Matt's cost recovery for the building in 2018. Group of answer choices $345,480 $243,960 $307,680 $436,320 $315,024