In 2017, Donna’s father dies and leaves her the family farm. The farm has a current use value of $4,000,000 and a best use value of $4,500,000. If the special use valuation election is made, the farm should be included in the father’s gross estate at a value of:

a. $1,180,000.

b. $2,820,000 ($4,000,000 – $1,180,000).

c. $3,320,000 ($4,500,000 – $1,180,000).

d. $4,000,000.