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

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Reference no: EM131051109

A property is sold for 5,100,000 with selling costs of 3% sales price. The mortgage balance at the time of sale is 3,600,000 . The property was purchased 5 years ago for 4,820,000. Annual depreciation allowances of 153,016 have been taken. If the tax rate is 28%, what is the after tax cash flow from sale of the property?

Reference no: EM131051109

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