Five years ago you purchased a small apartment complex for $1 million. You borrowed $600,000 at 4 percent for 30 years with monthly payments. The orlainal depreciable basis was $820,000 and you have used 27%-year straight-line depreciation over the five-year holding period. Assume no capital expenditures have been made since acquisition. Assume 5% selling costs, 33% percent ordinary income tax rate, a 15 percent capital gains tax rate, and a 25 percent recapture rate. If you sell the property today for $1,900,000 in a fully taxable sale, what will be the taxes due on sale? Click here to access Excel spreadsheet a) $314,850 b) $238,523 c) $210,870 d) $158,023 e) $0 (no tax due on sale)