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In 2017, Capri contracts to build a library for $5M that will take 3 years to complete and uses the percentage of completion method. The

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In 2017, Capri contracts to build a library for $5M that will take 3 years to complete and uses the percentage of completion method. The expected costs per year are as follows: 2017- $.5M, 2018 - $1.5M and 2019 - $2M. What will Capri book as revenue for 2017? $5M O $.5M O $.625M $1.67M

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