4. BMSL is a real estate company. BMSL can buy a piece of vacant land for $45,000 cash. BMSL plans to hold it for 15 years and then sell it at a profit. During this period, BMSL would pay annual property taxes of $915. The company would have no income from the property. Assume that the company wants a 6% rate of return, at what net price would BMSL have to sell the land 15 years hence