Contract Value: $10,875,000 Contract Cost: $10,222,500 Retainage: 10% for first 50% of job, 0% after that to end at 5%, returned the month following the last regular progress payment Credit Terms: 60% Cost Paid Immediately, 30% Paid Next Month, 10% Paid 2 Months Later Payment Lag: Two Months (value earned in Month 1 is available in Month 3) Construction Schedule and Monthly Percent Executed: Month 1: 2%, Month 2: 6%, Month 3: 11%, Month 4: 14%, Month 5: 16%, Month 6: 18%, Month 7: 14%, Month 8: 10%, Month 9: 7%, Month 10: 2%.

(i) to compute the maximum overdraft for a project with the above characteristics.

(ii) to find the Maximum Negative Cash Position.