It cost approximately $350,000 to build a house and its various improvements on a parcel of property. If the property was vacant, undeveloped land, it would be worth about $100,000. As it currently exists, the property's physical deterioration equals about $60,000. If an appraiser were to apply the cost approach, what would be the value of this property?A.) $250,000
B.) $390,000
C.) $450,000
D.) $480,000