The following table shows the estimated monthly expenditure for a bridge rehabilitation project. Direct and indirect costs have been included. But, bank interest has not been included. Monthlv costs for a Bridge Rehabilitation Proiect * Direct cost + indirect cost a) Calculate the peak financial requirement Assumptions: - The markup for this project is 10% - Finance charge is 1% per month - All expenses are paid at the end of the month (In this situation, to minimize your financial costs, you may assume that you borrow money to pay the monthly expenses on the last day of each month and your interest payment will take place at the end of the next month. Also assume that as soon as you receive payment from the owner, the payment can be immediately available for reducing your debt. - Retainage is 10\% throughout the project - Payments are billed at the end of the month, and are received one month later The following table shows the estimated monthly expenditure for a bridge rehabilitation project. Direct and indirect costs have been included. But, bank interest has not been included. Monthlv costs for a Bridge Rehabilitation Proiect * Direct cost + indirect cost a) Calculate the peak financial requirement Assumptions: - The markup for this project is 10% - Finance charge is 1% per month - All expenses are paid at the end of the month (In this situation, to minimize your financial costs, you may assume that you borrow money to pay the monthly expenses on the last day of each month and your interest payment will take place at the end of the next month. Also assume that as soon as you receive payment from the owner, the payment can be immediately available for reducing your debt. - Retainage is 10\% throughout the project - Payments are billed at the end of the month, and are received one month later