Given the following assumptions, develop a cost estimate that integrates all of the cost elements into a final bid price to the customer.

Function points in the project: 234

Software engineers assigned to this team: 4

Function point productivity per software engineer: 5

per month Workdays per typical month: 22

Productive hours per typical workday: 8

Gross hourly wage rate per software engineer (does not include fringe benefits): $50 per hour

Overhead (fringe benefit, other direct overhead) rate: 32%

G&A rate: 11.5%

Proposed profit: 10%

What is the total cost for the project?

$606,146.11

$666,760.72

$692,245.50

$677,654.24