1. A developer called GAEBAAL company is advertising two separate construction projects to receive bids. One is called Good MorningCity, and the other is called GoodEvenvingCity. Both are office building projects that have well-developed project scope and documents. You are the chief financial officer of a construction company called SIGONG which is interested in the two construction projects. SIGONG already spent some time and efforts to understand the following conditions for each project: The conditions for GoodMorningCity project: Depends ON The construction plan of Good MorningCity project Activity Duration Direct Cost 30 days $15,000 B 20 days $10,000 30 days $30,000 D 30 days $30,000 E 10 days $5,000 F 30 days $15,000 G 15 days $15,000 H 15 days $15,000 20 days $5,000 15 days $15,000 K 15 days $30,000 A, B A, B C D E F, G, H 1,J SIGONG wants to finish the project as soon as possible. There is no holiday or weekend. One month is composed of 30 days. There are 8 working hours per day. The project starts at day 1. The direct costs are evenly distributed across the duration of the activity. Daily cost of indirect charges is $200. SIGONG wants to have 10% markup. GAEBAAL company wants to maintain 10% retainage policy until the completion of the construction. Payment requests are submitted at the end of each month, and payments are received one month later. Finance charge is 1% per month of the amount of the overdraft at the end of the month. Deposit on the overdraft account does not accrue interest. Since SIGONG is currently out of cash, you are trying to figure out the proper size of the line of credit that needs to be established for the construction of Good MorningCity. Calculate the peak financial requirement based on the above project conditions. (b) Assuming 3% monthly interest, what is the Net Present Value of Good Morning City project