Determine your total budget for the New Wave Development, whith is a mixed-use project totaling 260,000 square feet The land acquisition cost is $20,800,000. Hard Costs are 150/sf. Soft costs are estimated at 20% of hard costs. Add a Development Fee equal to 3% of hard and soft costs. Add a Contingency Reserve equal to 5% of total hard & soft costs. What is your total budget? Please boldface your final answer for ease of grading, You must show your work for full or partial crdit