SheltonCo. purchased a parcel of land six years ago for $$878,500.$ At that time, thefirm invested $$150,000$ in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $$56,500$ a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $$930,000.$ What value should be included in the initial cost of the warehouse project for the use of this land?

a$.$ $$0$

b$.$ $$1,080,000$

c$.$ $$930,000$

d$.$ $$1,028,500$

e$.$ $$878,500$