TimeCash Flow
Before Tax
Ordinary
Income
Capital
Gains
Taxable
Income
TaxesCash Flow
After Tax
Buy$0$0$0$0$0$0
2012($261,518)$69,213$0$69,213($27,408)($288,926)
2013$714,029$491,814$0$491,814($194,758)$519,271
2014$201,160$92,644$0$92,644($36,687)$164,473
Sell$0$0$0$0$0$0
Total$653,671$653,671$0$653,671($258,854)$394,817
Net Present Value Before Tax @10%504,477
Net Present Value After Tax @10%280,058