You are considering buying a parcel of land that has been zoned for multifamily housing. The size of the lot dictates that you can only build three units per floor, and your issue is whether to build a two- or three-story building. A two-story building, which would have six units, would cost $80,000 per unit to build, while a three-story (nine-unit) complex would cost $90,000 per unit to build. You assume that fully rented condos just break even on a cash flow basis, so that they earn their entire required return through expected capital gains. The current value of a one-unit condominium is $100,000. The market value of a condominium will either increase to $150,000 next year or decrease to $90,000 next year with equal likelihood. The risk-free rate of return is 10% over the year. What is the maximum amount that you are willing to pay for the land?