You and your business partners own a bunch of real estate, and you are currently working on making a sale-leaseback decision for your office building.

You and your business partners bought this office building 7 years ago at which time you paid $2,000,000. You believe that in today's market it could be sold for $5,000,000. You also believe that if you don't sell and lease it back and instead keep it for 8 more years, you can probably sell it then for $11,000,000.

The "building component" of this office property is 81%. It depreciates over 25 years.

A 36% tax rate applies on all taxable income for your and your partners' real estate business.

If you and your partners decide against the sale-leaseback and to keep the property, what would be the total taxes due at the time when you will be selling the office building?