Determine the maximum amount of cash needed to cash flow the following project. Overhead and Profit will be 10% Retention will be 10% You will submit pay requests at the end of each month. The owner will pay you at the end of the next month less retainage. Retainage will be released to you along with the final payment. You will pay labor in the month that the expense occurs. All of the expenses will occur before you receive payment from the owner. You will pay material vendors the next month after receiving the payment from the owner. You will pay subcontractors the next month after receiving the payment from the owner. You will hold retainage from subcontractors until the owner released the project's retainage. Costs Month Materials ($) Labor ($) Sub. ($) 1 21,100 21,500 43,400 2 42,100 41,800 85,000 3 61,500 58,100 124,500 4. 63,200 57,900 115,500 5 41,400 41,400 79,100 6 20,400 21,600 43,400 7 20,700 20,600 41,600 Determine the maximum amount of cash needed to cash flow the following project. Overhead and Profit will be 10% Retention will be 10% You will submit pay requests at the end of each month. The owner will pay you at the end of the next month less retainage. Retainage will be released to you along with the final payment. You will pay labor in the month that the expense occurs. All of the expenses will occur before you receive payment from the owner. You will pay material vendors the next month after receiving the payment from the owner. You will pay subcontractors the next month after receiving the payment from the owner. You will hold retainage from subcontractors until the owner released the project's retainage. Costs Month Materials ($) Labor ($) Sub. ($) 1 21,100 21,500 43,400 2 42,100 41,800 85,000 3 61,500 58,100 124,500 4. 63,200 57,900 115,500 5 41,400 41,400 79,100 6 20,400 21,600 43,400 7 20,700 20,600 41,600