Home Properties is developing a subdivision that includes 600 home lots. The 450 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 150 lots in the Hiltop section offer unobstructed views. The expected selling price for each Canyon lot is $55,000 and for each Hiltop lot is $110,000. The developer acquired the land for $4,000,000 and spent another $3,500,000 on street and utilities improvements Assign the joint land and improvement costs of $7,500.000 to the Canyon section and the Hiltop section using the value basis of allocation