78. Briar Co. signed a government construction contract providing for a formula price of actual cost plus 10%. In addition, Briar was to receive one-half of any savings resulting from the formula price being less than the target price of $2,200,000. Briar’s actual costs incurred were

$1,920,000. How much should Briar receive from the contract?

a. $2,060,000

b. $2,112,000

c. $2,156,000

d. $2,200,000