I am struggling with CPIF fee calculations. The problem goes as follows:

-Given: a Cost Plus Incentive Fee (CPIF) project you are managing-

The numbers ->Target cost: $100,000Actual cost: $80,000Target fee: $20,000

Maximum fee: $25,000Minimum fee: $15,000Sharing ratio: 60/40

My Work:20,000 x.04 = 8,000

Target Cost - Actual Cost= $20,000 x .04 (40%)= $8,000

$80000+ $20000+$8000 = $108,000 Total price

Actual Cost+ Target Fee + Contractor share

Question: 1.How much fee would the contractor earn? 28,000 (IS THIS RIGHT and why is it over the max fee?)

2.What should be the final price of the contract? $108,000 (Is this right? )