Consider the following information: OFFICE: NOI_YEAR 1 = $500,000; Return = 13%; Growth = 3%; Building_costs = $4 Millions. RETAIL: NOI_YEAR 1 = $600,000; Return = 13%; Growth = 5%; Building_costs = $6.75 Millions. APARTMENT: NOI_YEAR 1 = $405,000; Return = 12%; Growth = 3%; Building_costs = $3 Millions. WAREHOUSE: NOI_YEAR 1 = $400,000; Return = 10%; Growth = 2%; Building_costs = $4 Millions. Now find the Highest Implied Land Value among the different properties.