Question: A construction form enters into a contract to build a building. The firm will receive 25 million for the contract, they expect that building costs

A construction form enters into a contract to build a building. The firm will receive 25 million for the contract, they expect that building costs will be 18 million, and result in 8 million in estimated profit. The firm experiences the following. In Year 1 - The firm spent 12 million on construction In Year 2 - the firm spent 6 million on construction Assume that outcomes can be reliably measured. How much revenue did the firm book in Year 2? 8.33 million 16.67 million O 5.33 million 0 2.67 million

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