Gross Selling Price: $1,000,000
Net Selling Price: $950,000
Accumulated Depreciation: $200,000
Loan Payoff: $350,000
Purchase Price: $350,000
Depreciated Value: $150,000
Capital Gain Tax Rate: 20%
Tax Rate on Capital Gains Due to Depreciation 25%
What is the ATER (After Tax Equity Reversion)?