The corner market has decided to expand its retail store by building on a vaca

The corner market has decided to expand its retail store by building on a vacant lot it currently owns. This lot was purchased four years ago at a cost of
$299000 which the firm paid in cash. To date the firm has spent another $38000 on land improvements all of which was also paid in cash. Today the lost
has a market value of $329000. What value should be included in the analysi of expansion project for the cost of the land?

a. the sum of the cash paid to date for both the lot and improvement?

b. the original purchase price?

c. the current market value of the land plus the cash paid for the improvements

d. the current market value of the land

e. zero because the land and the improvements were purchased as cash