Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $430,000. Shipping costs totaled $16,900. Foundation work to house the centrifuge cost $7,500. An additional water line had to be run to the equipment at a cost of $3,600. Labor and testing costs totaled $5,600. Materials used up in testing cost $2,600. The capitalized cost is:

$466,200.

$470,000.

$481,600.

$489,500.