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You sign a FPIF contract with a seller with the following parameters: Target Cost = 4 2 0 , 0 0 0 USD Target Profit

You sign a FPIF contract with a seller with the following parameters: Target Cost

= 420, 000

USD

Target Profit

= 40, 000

USD

Target Price

= 460, 000

USD

Ceiling Price

= 525, 000

USD Share Ratio

= 60 / 40

The contractor completes the contract for

440, 000

USD. Calculate the actual profit received by the seller, and what is the actual price of the contract?

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