An office property was initially purchased for $14 million. When purchased, the additional costs associated of initially acquiring the property were $200,000. The accumulated depreciation charged over the holding period has totaled $600,000. Recently, capital improvements of $1.3 million to the property have been incurred. Determine the propertys current adjusted basis.

14.9 million

14.2 million

12.9 million

13.6 million