Rania contributed equipment worth $195,000, purchased 9 months ago for $228,000 cash and used in her sole proprietorship, to Sand Creek LLC in exchange for a 20 percent profits and capital interest in the LLC. Rania agreed to guarantee all $18,500 of Sand Creek's accounts payable, but she did not guarantee any portion of the $97,500 nonrecourse mortgage securing Sand Creek's office building. Other than the accounts payable and mortgage, Sand Creek does not have any liabilities to other creditors.     a. What is Rania's initial tax basis in her LLC interest?