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Suppose you buy land for $3,200,000 and spend $1,300,000 to develop the property. You then divide...

Suppose you buy land for $3,200,000 and spend $1,300,000 to develop the property. You then divide the land into lots as follows:

Category Sale Price per Lot

10 Hilltop Lots $525,000

10 Valley Lots $350,000


How much did each hilltop lot cost you?
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