Question 38 of 60 < > View Policies -/4 E Current Attempt in Progress Charlie owns a small boutique that sells products created by local vendors and artisans. He would very much like to update his store and will be hiring a contractor to complete the work. The contractor has informed him that the project will entail the following activities: Store design, 16 hours at $135 per hour: Carpet installation, 1270 square feet at $10.00 per square foot; Fixture construction, $113 per piece with a total of 23 pieces; and SG&A expenses, 21 hours at $40.00 per hour. This estimate will also include a 25% additional markup based on the total of the estimated job costs for the entire project. A competing bid has been returned with a flat rate of $16.00 per square foot of carpet installation that would cover the whole project. Which estimate would save Charlie the most money? ABC rate, since it will cost Charlie $2021.00 less than the flat-billed rate ABC rate, since it will cost Charlie $2553.75 less than the flat-billed rate Flat-billed rate, since it will cost Charlie $2021.00 less than the ABC rate Flat-billed rate, since it will cost Charlie $2553.75 less than the ABC rate