4. The Ford Mining Company paid $1,000,000 for the right to explore for a Rock Salt deposit on 500 acres of land Arizona. Costs of exploring for the deposit totaled $800,000 and intangible development costs incurred in digging and erecting the mine shaft were $500,000. In addition, Ford purchased new excavation equipment for the project at a cost of $600,000. Ford is required by its contract to restore the land to a condition suitable for recreational use after it extracts the Rock Salt. The company has provided the following three cash flow possibilities (A, B, and C) for the restoration costs to be paid in three years, after extraction is completed: Cash Outflow Probability A $ 500,000 30% B 600,000 50% C 700,000 20% What should be the capitalized cost of the Rock Salt deposit