Sea Company was expanding its production facilities and purchased large quantities of land in Montreal for $7,340,000. If the municipality assessed the value of the industrial land at 80% of its...

Extracted text: Sea Company was expanding its production facilities and purchased large quantities of land in Montreal for $7,340,000. If the municipality assessed the value of the industrial land at 80% of its purchase price, and the tax rate is 0.9% per annum on the assessed value, calculate how much Sea Company would have to pay in property tax this year?