A family purchases a 2000 square foot home and plans to make extensions totalling 500 square feet. The house currently has a pool, and a real estate agent has reported that the house is in excellent condition. However, the house does not have a view, and this will not change as a result of the extensions.

According to the results in column (1), what is the expectedDOLLARincrease in the price of the home due to the planned extensions?(Report your answer to the nearest dollar anddo notinclude any commas or $ signs.)

Dependent variable: In(Price) Regressor (1) (2) (3) (4) (5) Size 0.00042 (0.000038) In(Size) 0.69 0.68 0.57 (0.054) 0.69 (0.087) (2.03) (0.055) In(Size)2 0.0078 (0.14) Bedrooms 0.0036 (0.037) Pool 0.082 0.071 (0.032) 0.071 (0.034) 0.071 (0.034) 0.071 (0.036) (0.035) View 0.037 0.027 (0.029) 0.026 (0.028) 0.027 (0.026) 0.027 (0.029) (0.030) Pool X View 0.0022 (0.10) Condition 0.13 0.12 0.12 (0.045) 0.12 (0.035) (0.035) 0.12 (0.036) (0.035) Intercept 10.97 6.60 (0.069) 6.63 (0.39) 7.02 (0.53) 6.60 (7.50) (0.40) Summary Statistics SER 0.102 0.098 0.099 0.099 0.099 R2 0.72 0.74 0.73 0.73 0.73 Variable definitions: Price = sale price ($); Size = house size (in square feet); Bedrooms = number of bedrooms; Pool = binary variable (1 if house has a swimming pool, 0 otherwise); View = binary variable (1 if house has a nice view, 0 otherwise); Condition = binary variable (1 if real estate agent reports house is in excellent condition, 0 otherwise)