SheltonCo. purchased a parcel of land six years ago for $$878,500.$ At that time, the firm invested $$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?