The Spice of Life Restaurant Supplies has experienced growing sales and management is looking to expand. They currently own a lot near Ponce City Market. Management plans to do a marketing survey in the future to investigate whether it is a good location. The survey cost will be $10,000. The lot was purchased two years ago at a cost of $1,500,000. Today, the property could be sold for $2,000,000 because of the increase in real estate prices. The land will have to be cleared at a cost of $40,000. The company can then construct a new building at an estimated cost of $3,200,000, including landscaping and parking. Finally, management will hire a new manager for the location with a salary of $100,000. What is the cost of this expansion project? $5,350,000 $4,850,000 $4,750,000 $5,340,000