Based on the following cost expenditures for the construction of an office$/$warehouse development $($to include direct and indirect charges$),$ calculate the peak financial requirement:

Month Monthly Direct & Indirect Costs

$1$ $$420,000$

$2$ $$625,000$

$3$ $$399,000$

$4$ $$499,500$

Assume:

A markup of $15\%$

Holdback is $10\%$ throughout the project

Finance charge is $1\mathrm{.}75\%$ per month

There is a required infusion of a $$185,000$

Mobilization payment from the first month$$s costs upfront to be paid by the contractor, which is not financed, prior to financing the balance. Payments are billed at the end of the month and received one month later.

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