A Network Construction project would need 3 years to be completed. : bid was $20,000,000 and estimated costs to complete were $14,000,000. Estimated cost to be incurred is as follows:

Year 1: $7,000000

Year 2: $2,800,000

Year 3: $4,200,000

Using the percentage of completion method, how much revenue will be recognized in years 2?

Select one:

a. $6,000,000

b. $10,000,000

c. Revenue will only be recognized when the project is complete

d. $4,000,000