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Garcia Corp. enters into a contract with a customer to build an apartment building for $ 1 , 0 6 1 , 8 0 0

Garcia Corp. enters into a contract with a customer to build an apartment building for $1,061,800. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $139,200 to be paid if the building is ready for rental beginning August 1,2026. The bonus is reduced by $46,400 each week that completion is delayed. Garcia commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
\table[[Completed by,Probability],[August 1,2026,70%
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