In 2011, Cupid Construction Co. (CCC) began work on a two-year fixed price contract project. CCC uses the percentage-of-completion method to account for such projects and provides you with the following information (dollars in millions): Accounts receivable (from construction progress bullings) $37.5, Actual construction costs incurred in 2011,$135, Cash collected on project during 2011, $105, Construction in progress, 12/31/2011, $207, Estimated precentage of completion during 2011, 60%. What are CCC's estimated remaining construction costs on the project at the end of 2011?

What is the fixed contract price for CCC's project? a. $120 million b. $225 million c. $345 million d. None of the above is correct.