(Carry out your intermediate calculations to 4 decimal places; round to 2 decimal places in your final answer. Enter only numbers in the answer box.) You are considering buying land near Palm Beach, Florida. Once bought, you could divide the land into two lots. You estimate could sell one lot two years from now for $550,000 and the other lot 4 years from now for $750,000. You can earn an annual return of 12%, compounded annually, on money invested today in other real estate ventures. What is the most you should pay for the land today? Helpful formulas: present value of a perpetuity: PV = C/ present value of a growing perpetuity: PV =/r-g) present value of an annuity: PV = (C/r){1 - 1 1/(1+0) T}