assumption for administrative cost? Bid 1 Item 1 $35,750 Item 2 $122,000 Item 3 $19,995Required to answer. Single line text. (1 Point) 23.Given the information in the table below, what is the total evaluated price for Bid 2 including an assumption for administrative cost? Bid 2 Item 1 $36,400 Item 2 $120,650 Item 3 $22,000Required to answer. Single line text. (1 Point) 24. Given Bid 1 and Bid 2 above, should the CO make a single award, or multiple awards? Required to answer. Single choice. (1 Point) a. Single award b. Multiple awards 25.What is the Bid 1 contract award amount? Required to answer. Single line text. (1 Point) 26.What is the Bid 2 contract award amount? Required to answer. Single line text. (1 Point)