Question: please show work! The construction decides to act as the owner on the project. The construction company will be paid $500,000 for the project at
The construction decides to act as the owner on the project. The construction company will be paid $500,000 for the project at the end of the seventh month. In addition to the construction costs, the construction company has the following soft costs: land purchase, $150,000; engineering and design fees, $15,000; building permits, $3,000; government fees, $5,000; and other miscellaneous costs, $10,000. The soft costs will be paid at the end of month zero. The construction company pays material
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