consider an investment in which a developer plans to begin construction of a building that will cost $1,000,000 in one year if at that point rent levels make construction feasible. There is a 50 percent chance that noi will be $160,000 and a 50 percent chance that noi will be $80000. Assume a cap rate of 10 percent(12 percent discount rate and an noi growth rate of 2 percent) what would land value ve at the completion of the construction under the real options approach?(compute your answer using 4 decimals and round your final answer to whole numbers)