Jeff Heun, president of Marigold Always, agrees to construct a concrete cart path at Dakota Golf Club. Marigold Always enters into a contract with Dakota to construct the path for $$224,000.$ In addition, as part of the contract, a performance bonus of $$47,600$ will be paid based on the timing of completion. The performance bonus will be paid fully if completed by the agreed$-$upon date. The performance bonus decreases by $$11,900$ per week for every week beyond the agreed$-$upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As a result. he is fairly confident that he will receive a good portion of the performance bonus. Jeff estimates, given the constraints of his schedule related to other jobs, that there is $60\%$ probability that he will complete the proiect on time. a $30\%$ probability that he will be $1$ week late. and a $10\%$ probability that he will be $2$ weeks late.Jeff Heun, president of Marigold Always, agrees to construct a concrete cart path at Dakota Golf Club. Marigold Always

enters into a contract with Dakota to construct the path for $$224,000.$ In addition, as part of the contract, a performance

bonus of $$47,600$ will be paid based on the timing of completion. The performance bonus will be paid fully if completed

by the agreed$-$upon date. The performance bonus decreases by $$11,900$ per week for every week beyond the agreed$-$

upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the

agreement in the past. As a result, he is fairly confident that he will receive a good portion of the performance bonus. Jeff

estimates, given the constraints of his schedule related to other jobs, that there is $60\%$ probability that he will complete

the project on time, a $30\%$ probability that he will be $1$ week late, and a $10\%$ probability that he will be $2$ weeks late.

$($a$)$

Determine the transaction price that Marigold Always should compute for this agreement.

Transaction Price $

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