Lake Hill investors is considering the purchase of the undeveloped Tract of Land. It is currently zoned for agricultural use. If purchased, however Lake Hill must decide how to have the property rezoned for commercial use and then how to develop the site. Based on its market study, Lake Hill has made estimates for the two uses that it deems possible, that is, office or retail. Based on its estimates, the land could be developed as follows: What is the residual land value for Retail development? (compute your answer using 4 decimals and round your final answer to whole numbers)