Smith's Stores have decided to expand a retail shop by building on a vacant lot they own. The company will build a new building at an estimated cost of $1.4 million. The firm will spend another $300 thousand on the parking and access roads. The land was purchased ten years ago at a cost of $500 thousand. Today, the land could be sold for $1.8 million. They will also need to add to the landscaping at a cost of $200 thousand. Finally, the CFO has allocated $300 thousand in new executive salaries to the project. What is the cost of this expansion project? $3.6 million $3.7 million $4.0 million $3.1 million