The verb phrase in this sentence is Would take.
A verb phrase is a phrase consisting of a main verb alone or an auxiliary verb and a main verb. The main verb always follows the auxiliary verb. In this sentence, the verb phrase is formed by the modal verb would and the main verb take, which is the one that indicates the action. Furthermore, the pronoun you is not part of the verb phrase since it is the subject of the sentence and, in this question, the verb phrase is split by the subject.