Shelton Co purchased a parcel of land six years ago for $865,500. At that time, the firm invested $137000 in grading the site so that it would be usable. Since the firm wasn't ready to use the ste itself at that time, it decided to lease the land for $50,000 a year The company s now considering bulding a warehouse on the site as the rental lease is expiring The current value of the land is $917000 What value should be included in the initial cost of the warehouse project for the use of this land? Multiple Choice O $92000 $1002 500 $1054 000 P0 or 4 Next 1 shith