Consider a proposal with the following budget items and an indirect cost rate of 50 percent of

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Question:

Consider a proposal with the following budget items and an indirect cost rate of 50 percent of modified total direct costs. Personnel = $85,000 Travel = $12,000 Summer intern stipends: 20 at $4,500 each Summer interns' room and board: $3,200 per intern for 20 interns Summer interns' travel allowance to/from campus: $500 per intern for 20 interns What is the total budget for this proposal?

$309,500

$314,500

$391,500

$153,700