What is the after tax cash flow from sale of this property

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Reference no: EM13836198

A property can be sold for $2,946,300 with selling cost of 6% of the sales price. The mortgage balance at the time of sale is $1,600,000. The property was purchased 5 years ago for $2,100,000. Accumulated depreciation allowances of $380,000 have been taken. The capital gains tax rate is 15%. What is the after tax cash flow from the sale of this property?

Reference no: EM13836198

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