Suppose you buy land for $2,900,000 and spend $1,200,000 to develop the property. You then divide the land into lots as follows: Category Sale Price per Lot 15 Hilltop lots $ 525,000 15 Valley lots $ 350,000 How much did each Hilltop lot cost you? A. $40,000 B. $164,000 OC. $109,333 OD. $525,000