D Corporation purchased all of the stock of E Corporation for $1 million. Es only asset is land with a basis of $200,000. E had no liabilities. D elects 338. D also liquidates E. E is deemed to have sold its land for fair market value, and E must recognize a gain of $800,000. The tax liability resulting from the deemed sale is $272,000 ($800,000 x 34%). What is Ds basis in the land?

a. $728,000

b. $1,272,000

c. $1 million

d. $200,000