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Assuming the following project is the best use of a piece of land. At t=0, a cost is 300000 dollars must be paid because of

Assuming the following project is the best use of a piece of land. At t=0, a cost is 300000 dollars must be paid because of necessary renovations. This is, NOI (t=0)-300000. After that, from the first to the fourth year, the net operating income will be 100000 dollars. This is NOLI (t=1) = NOI (t=2)= NOI (t=4)-100000. The required rate of return is 10%. Based on that information only, what is the value of the land.

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