*ONLY FIND THE AFTERTAX IRR*

Given the following information, 1. Assuming a sales price of $1,100,000.

Finally, calculate the after tax IRR for the investment.

Purchase Price: $900,000

Loan: $750,000, 5%, 25 years (annual payments)

Year 1 NOI: $100,000

Year 2 ATCF: $33,000

Year 3 ATCF: $34,000

Use an 85/15 ratio for depreciation. 39 year, straight line.

35% tax rate on income, 15% on long term capital gains, 25% depreciation recapture.