price for an acquisition is $5,000,000. The buyer pays $15,000 for lender required reports, $10,000 to the title company for insurance and escrow, $40,000 to the lender for attorney and origination fee, and $60,000 to the accounting firm to raise LP equity. The seller provides a credit of $50,000 for property tax and $25,000 for repairs. What is the cost basis for this acquisition? Question 4 0/1 pts The purchase price for an acquisition is $5,000,000. The buyer pays $15,000 for lender required reports and $10,000 to the title company for insurance and escrow. The seller provides a credit of $50,000 for property tax and $25,000 for repairs. The lender agrees to provide financing for 60% of the cost basis and will charge a 1% origination fee at closing on the loan amount. The MP will provide the balance of the equity and collect 1% of the cost basis at closing as an acquisition fee. What is the cost basis for this acquisition?