Here is a deceptively simple project costing problem. I want you to calculate the project costs using the following data:

Hourly rate labor: $$50$ per hour

Hourly rate equipment: $$125$ per hour

Project duration: $80$ hours

G&A overhead costs: $25\%$ of total direct costs

Profit: $30\%$

What is the profit for this project?

$$5,250$

$$10,000$

$$4,000$

$$14,000$

$$17,500$

$$22,750$

$$3,500$