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Assume: Purchase price of the land 26531.00 Real estate commission (%) of the purchase price 5.80 Demolition of old building on site 6230.13 Sale of

Assume: Purchase price of the land 26531.00 Real estate commission (%) of the purchase price 5.80 Demolition of old building on site 6230.13 Sale of scrap from old building 2641.58 Construction cost of the new building 183239.00 Land survey costs 2095.95 Back taxes 2520.45 Architect fees 23637.83

The initial value of the building is___________

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