The Green Tomato Purchased a Parcel of Land Six Years

The Green Tomato purchased a parcel of land six years ago for $389,900.At that time,the firm invested $128,000 grading the site so that it would be usable.Since the firm wasn't ready to use the site itself at that time,it decided to lease the land for $48,000 a year.The Green Tomato is now considering building a hotel on the site as the rental lease is expiring.The current value of the land is $415,000.The firm has no loans or mortgages secured by the property.What value should be included in the initial cost of the hotel project for the use of this land?

A) $0
B) $389,900
C) $415,000
D) $229,000
E) $101,900