Calculate after sale proceeds after tax

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A property purchased for $100,000 with an NOI of $7,000 per 10 years will be sold for $140,000. There is no cost of sale. Depreciation taken over the holding period is $29,750. The investor's ordinary income tax rate is 37 percent, the capital gains tax rate is 20 percent, and depreciation recapture is taxed at 25 percent.

Problem 1: Calculate after Sale Proceeds After Tax.

Reference no: EM132877418

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