A new comparative property tax study by the executive director of a Minneapolis group of landlords showed that the Wells Fargo Center in downtown Minneapolis pays four times the taxes as the Wells Fargo Center in downtown Denver. The property tax rate for Minneapolis is $8.73 per square foot, and the Denver rate is $2.14 a square foot. If 3,500 square feet is occupied at each location, what is the difference paid in property taxes?
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