a real estate investment provides gross revenues (if fully occupied)of $250,000, a vacancy rate of 4%, and operating expenses of $15,000. The property costs $1,000,000,and the depreciation expenses on the property is 2.6% of the cost in the first year and 1.3% of the cost over the next several years. The marginal tax rate is 35%.The after-tax cash flow in year 1 from the potential investment is :

A.$69,650

B.$129,350

C.$146,250

D.$155,350

请高人指点。

另外，L1计算关于real estate investment有要求吗，在哪部分？

我认为是D，250000*0.96-15000-（1000000*0.026）=199000

199000*0.65=129350，  129350+（1000000*0.26）=155350

不知道答案对不对

(250,000*0.96-15,000)*(1-0.35)+1,000,000*2.6%*35%

=155,350

对的。为什么要再加上折旧？

因为折旧不影响现金流，但是影响税，所以计算税的时候减去的折旧费用要加回到现金流中