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You are a trade contractor in a project with a contract value of $1,000,000 and duration of 5 months. You estimated the total cost to

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You are a trade contractor in a project with a contract value of $1,000,000 and duration of 5 months. You estimated the total cost to be $800,000. Based on your CPM and cost estimation efforts you calculated the following costs for each month: Month 1 $100,000 Month 2 $150,000 Month 3$300,000 Month 4 - $150,000 Month 5 $100,000 1. The contract entails a billing cycle of 1 month, a payment period of 1 month, and a 10% retainage. Assuming you are earning the same mark-up percentage each month (no front- end-loading), complete the following table: a. (10 points) Month Expenses Earned Value Retainage Billing Payment Capital Max. Debt

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