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The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $ 1 6 1 , 7

The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $161,700 to be paid if the building is ready for rental beginning August 1.2026. The bonus is reduced by $53,900 each week that completion is delayed. Moore commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Completed by
Probability
August 1,2026
70
%
August 8,2026
20
August 15,2026
5
After August 15,2026
5
(a) Determine the transaction price for the contract, assuming Moore is only able to estimate whether the building can be completed by August 1,2026, or not (Moore estimates that there is a 70% chance that the building will be completed by August 1,2026). the answer for a isnt 1178245 andi dontknowhow to figure it out.

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