J&R Construction Company is an international conglomerate with a real estate division that owns the right to erect an office building on a parcel of land in downtown Sacramento over the next year. This building would cost $$28$ million to construct. Due to low demand for office space in the downtown area, such a building is worth approximately $$27\mathrm{.}5$ million today. If demand increases, the building would be worth $$28\mathrm{.}7$ million a year from today. If demand decreases, the same office building would be worth only $$27$ million in a year. The company can borrow and lend at the risk$-$free annual effective rate of $3\mathrm{.}4$ percent. A local competitor in the real estate business has recently offered $$485,000$ for the right to build an office building on the land. What is the value of the office building today? Use the two$-$state model to value the real option. $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$