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Give a fixed price incentive contract with a target cost of $1,000,000 a target profit of $100,000, a ceiling price of $1,200,000, and a share
Give a fixed price incentive contract with a target cost of $1,000,000 a target profit of $100,000, a ceiling price of $1,200,000, and a share line of 80/20, what would be the total payment under the contract if the final negotiated cost was $1,200,000?
A: $1,160,000
B: $1,200,000
C: $1,260,000
D: $1,300,000
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