Determine the appraised value. A fire station, built four years ago, has an estimated life of 50 years. The building has 20,000 square feet and the cost to replace is $100 per square foot. The lot is worth $120,000 vacant.

a. $2,200,000

b. $1,960,000

c. $1,920,000

d. $1,840,000

e. $995,000