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The net operating income for a property is $1 million. Interest expense is $100,000. Depreciation expense is $200,000. The mortgage payment is $150,000. The owner's
The net operating income for a property is $1 million. Interest expense is $100,000. Depreciation expense is
$200,000. The mortgage payment is $150,000. The owner's marginal tax rate is 45%. What is the after-taxcash flow for the property?
A. 450,000
B. 535,000
C. 385,000
D. 650,000
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