Question: Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $95,000

Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 

100 lots are golf course lots and will sell for $95,000 each; 

150 are street front lots and will sell for $65,000. 

The developer purchased the land for $1,800,000 and spent another $1,400,000 to improve streets and utilities. 

Calculate the joint cost amount to be allocated to the street front lots using the value basis.

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