AdminCo, an insurance company, purchased some land to build a new corporate headquarters. The company had borrowed most of the money for the construction from Bank of America. The amount of the loan was $16,500,000. While the land was being prepared for construction, a construction supervisor noticed a foul smell coming from some extracted soil. Soil testing determined that the soil was contaminated with toxic chemicals, some of which are carcinogenic. It was believed that the chemicals came from an old hide tanning factory that had been abandoned 35 years earlier. It is suspected that the factory buried its waste in barrels on the site. The estimated cost of cleaning the soil was $7,500,000. Who, if anyone, will have to bear the cost of clean-up? Explain