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The capital cost of a property is $5900000. A CCA rate of 20% is applied. The tax rate is 30%. Take five years of depreciation.

The capital cost of a property is $5900000. A CCA rate of 20% is applied. The tax rate is 30%. Take five years of depreciation. If the property is sold after five years for $1990000, what is the Disposal Tax Effect? Note: Please enter your answer to two decimal places

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