Assignment Gradebook ORION Downloadable eTextbook Intermediate Accounting (ACC 615, CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 18-05 (Part Level Submission) Jeff Heun, president of Metlock Always, agrees to construct a concrete cart path at Dakota Golf Club Metlock Almays enters into a contact with Dakotato construct the path for 22.000. In addition, as part of the contract, a performance bonus of $41,600 will be paid based on the ting of completion. The performance bonus will be paid Rully completed by the agreed-on date. The performance bonus decreases by $10,400 per week for every week beyond the agreed upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As h es fairly confident that he will receive a good portion of the performance bonus. Jeff estimates, given the constraints of this schedule related to other jobs, that there is 55% probability that he will complete the project on time, a 30% probability that he will be 1 week late, and a 15% probability that he will be 2 weeks late (a) Determine the transaction price that Metlock Always should compute for this agreement. Transaction Price