Williams Corp. enters into a contract with a customer to build an apartment building for $810,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $141,000 to be paid if the building is ready for rental beginning August 1, 2023. The bonus is reduced by $47,000 each week that completion is delayed. Williams commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2023 72 % August 8, 2023 20 August 15, 2023 3 After August 15, 2023 5