Question: Using the same data from Problem 23, and the same contract type, how much will the contractor be reimbursed if the cost of performing the

Using the same data from Problem 23, and the same contract type, how much will the contractor be reimbursed if the cost of performing the work is $105,000?

Data from problem 23

An FPIF contract has the following characteristics:
Sharing ratio: 70/30
Target cost: $100,000
Target fee: $8,000
Price ceiling: $110,000

A. $105,000
B. $106,500
C. $110,000
D. $111,500

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