Where acquired land is one of several sites suitable for a particular use, the full discounted cash flow value of the business venture that could be conducted on the land cannot be attributed to the acquired site; the hypothetical purchaser would be influenced by the price at which alternative sites could be purchased. Evidence of events after the date of acquisition may be used to confirm what was foreseeable at that date but cannot be attributed as exact knowledge to the hypothetical parties. In cases of compensation, doubts are resolved in favour of a more liberal estimate.
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