Have Seve Exit Submit Bostick Oil purchased land with oil and gas reserves in Louisiana. Acquisition, exploration, and development costs toteled $7.6 million. After the oil and gas is extracted in approximately nine years, Bostick is obligated to restore the land to its original condition for her grandchildren to play. Bostick estimated the following possibilities for the restoration costs. Cash Flow Probability $640,000 25% 740,000 25% 840,000 50% Bostick's credit adjusted, risk-free rate of interest is 6%. What is the captialized cost of the land with oil and gas reserves? Round your answer to the nearest whole dollar and use commas. Numeric Response