Commercial Drone Inc. engaged a vendor on a Cost Plus Incentive Fee contract where the vendor was promised to be reimbursed for the cost estimated at $980,000 and the target fee is $105,000. Any cost savings (or overspend) will be split 70/30. The ceiling price is set at $1,110,000.

What is the Final Price that Commercial Drone Inc. is obligated to the seller if the final cost reported was $1,120,000?