Silver Inc. has estimated that a new building will cost $$2,500,000to$ construct. Land was purchased

a year ago for $$500,000$ and could $be$ sold today for $$550,000.An$ environmental impact study

required $by$ the state was performed $at$ a cost $of$ $$48,000.$ For capital budgeting purposes, what $is$ the

relevant cost $of$ the new building?