Table III Market Value of Wells, Sewage Treatment Plant, Water Tower, Electrical System, Land, and Timber Description Value from Value from Caroline Inc. Jacob Appraisal Services Two deep water wells* $450,000 $450,000 Water tower* $150,000 $150,000 New state-of-the-art $2,500,000 $2,500,000 sewage treatment plant* Primary electrical system $50,000 $50,000 above and below ground* 150 acres of cleared land $900,000 $1,200,000 (at $6,000/acre) (at $8,000/acre) 50 acres of timber $200,000 $225,000 (at $4,000/acre) (at $4,500/acre) * Wells, tower, treatment plant and electrical system are only of value to a large commercial developer. They are worthless to all other buyers. There is a 75% chance that a large commercial developer will buy the cleared property