Construction Finance. $($Building size: $70,000$ square feet. Land Costs $2,000,000$; Hard Costs $7,000,000$; Soft Costs $1,000,000$; Developer Fee $6\%$ of hard costs; Equity Return $18\%.$ Construction Loan Amount $7,000,000).$ What is the total project cost, not including return to equity?

Group of answer choices

$10,000,000$

$10,540,000$

$9,000,000$

$7,000,000$