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On April 1 , 2 0 X 1 , Burchell Construction contracted with The Horton Group to build a parking garage for $ 1 ,
On April X Burchell Construction contracted with The Horton Group to build a parking
garage for $ The Horton Group is offering a performance bonus of $ if the
garage is completed by June ; the bonus is reduced by $ for each week that
completion of the project is late. Based on experience with similar contracts, Burchell
estimates the following probabilities regarding completion of the garage:
What is the transaction price for this contract?
$
$
$
$
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