Hello, please help me answer question 3 associated with this problem below

Running Case You and your team are continuing your work on the Global Treps Project. Your project spon- sor, Dr. K., has asked you to refine the existing cost estimate for the project so you can evalu- ate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $120,000. You planned to use up to $50,000 total to pay yourself and your team members, and your initial estimates were $30,000 for travel expenses, $20,000 for hardware and software, and $20,000 for organizing four events, including consultants, legal/business fees, etc