Raymond inherited a house from his grandfather. His grandfather's basis in the property was $85,000. On the date of his death, the FMV of the property was $275,000. Raymond decided to install a central heating and air system, which cost $8,115. He also installed a new solar-powered hot water heater for $895 and new stainless-steel kitchen appliances for $4,326. Raymond sold the property for $357,000. He has not lived in the house nor used it for business purposes. What is his basis in the property?

a) $288,336

b) $ 85,000

c) $275,000

d) $357,000