A piece of land outside of Toronto was purchased ten years ago for $100,000 by a real estate development corporation.The company later spent $150,000 to clear and level the property.The company has two options: the land can be sold today for $600,000, or the land can be converted into a strip mall.In evaluating the capital budget for the strip mall, what price should the land be valued at?

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The Answer of A piece of land outside of Toronto was purchased ten years ago for $100,000 by a real estate development corporation.The company later spent $150,000 to clear and level the property.The company has two options: the land can be sold today for $600,000, or the land can be converted into a strip mall.In evaluating the capital budget for the strip mall, what price should the land be valued at?

A Piece of Land Outside of Toronto Was Purchased Ten