Your company owns a parcel of land in a currently


Your company owns a parcel of land in a currently undeveloped part of the cuntry. the neighboring city grows eastward, you belive there is 50% chance of residential development, a 20% chance of industrial development, and a 30% chance of no devlopment of the area surrounding the parcel of land. If you have bulida roller rink and the land is devloped residentially the roller rink will have a persent worth of $2,000,000. A roller rink in industrial area will have a present worth of $20,000 and in an undevloped area a present cost $3,000,000. The comparable values for a gas staion are: residntial $250,000, industrial $200,000, and undevloped $10,000 (present worth, not cost). Based on expected monetary value of present worth, what, if anything should be done with the land? Please show work

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Financial Accounting: Your company owns a parcel of land in a currently
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