You have just purchased 200,000 sf of raw land in Sara Puffy County that has an FAR of 2. You believe the market can comfortably absorb this square footage. You need a 10% return on cost and your bid price for the project is $5 MM. You believe development costs will be $38 psf. Assume loss factor in this case is 0. How much would you bid for this property if you were told FAR could be increased to 20