Black Bear Construction Company has a contract to construct a $6,000,000 bridge at an estimated cost of $5,300,000. The contract is to start in July 2017, and the bridge is to be completed in October 2019. The following data pertain to the construction period. Costs to date 2017: $1,325,000 2018: $3,780,000 2019: $5,430,000 Estimated costs to complete 2017:3,975,000 2018: $1,620,000 2019: $0 What is the percentage of contract completed by 2018?

Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 100% b 70% c 25% d 45%