You inherited 100 acres of Iowa farmland. There is an active market in this type of land, and similar properties currently sell for $10,000 per acre. If planted with corn, you expect that the land will deliver net cash flows of $800 per acre forever. If the discount rate is 10%, how much is the land worth per acre?

$10,000
	$8,000
	$18,000
	$12,000