Using the information from (d) and (e) and the following assumptions, we next need to arrive at the ATCFs (from operation) and the ATER (from reversion). We can assume: 1) Eighty percent of the purchase price is attributed to the buildings 2) The taxpayer is in the 40 percent marginal income tax bracket and will incur no liability for the alternative minimum tax during the projected holding period. 3) It is assumed that the property is put into service on January 1St and sold on December 315t 4) Assume the client is "active" in the property management. 5) It is assumed that the client has an adjusted gross income of $95,000 and has no other passive income not offset by other passive losses (for each year of the anticipated holding period)