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The property is sold for $5,100,000 with selling costs of 5 percent of the sales price. The mortgage balance at the time of sale is

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The property is sold for $5,100,000 with selling costs of 5 percent of the sales price. The mortgage balance at the time of sale is $3,600,000. The property was purchased 5 years ago for $4880000. Annual depreciation allowances of $157000 have been taken. If the tax rate is 30 percent, what is the after-tax cash flow from the sale of the property? $1,020,000$1,173,000$1,275,000$969,000$765,000

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