A property can be sold today for $4,000,000, it has a loan balance of $2,000,000 and if sold, the investor will incur a capital gains tax of $500,000. The investor has determined that if were sold today, she would earn an IRR of 15% on equity the past 5 years. If not sold the property is expected to produce after tax cash flow of $100,000 over the next year. At the end of the year the property value is expected to increase to $4,200,000, the loan balance will decrease to $1,800,000, and the capital gains tax is to increase to $510,000. Question 96. What is the marginal rate for keeping the property for one additional year?