Prepare a cash flow projection for a construction company that cur$-$

rently has two projects under contract for the next year and anticipates

picking up a third and fourth project during the year.

The first project began in September of this year and will continue into

next year. The estimated bill to the project's owner and construction

costs by month for the first project are shown in Table $14-21.$ The

owner holds $10\%$ retention on all payments. The construction com$-$

pany will hold retention from the payments to its subcontractors. The

retention for this project is expected to be released in June.

Table $14-21$ Bill to Owner and Construction Cost for the First

Project