Mark Heun, president of Concrete Always, agrees to construct a concrete cart path at Dakota Golf Club. Concrete Always enters into a contract with Dakota to construct the path for $212,000. In addition as part of the contract, a performance bonus of $42,400 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 increases by $10,600 per week for every week be on the agreed-upon completion date Mark has been involved in a number of contracts that have performance bonus 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. Mark estimates, givrn the constraints of his schedule related to the other jobs that there is a 55% probability that he will complete the job on time, a 30% probability that he will be one week late and a 15% probability that he will be two weeks late.

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

Transaction Price: