Solve the following problems. Show the steps.

A fixed$-$price$-$incentive$-$fee contract has the following characteristics:

Sharing ratio: $\frac{60}{40}($Contractor$/$customer$)$

Target cost: $$50,000$

Target fee: $$8,000$

Price ceiling: $$55,000$

How much will the contractor be reimbursed if the cost of performing the work is $$45,000?$

How much will the contractor be reimbursed if the cost of performing the work is $$57,000?$

For cost plus incentive fee contract, calculate the final payment made to the supplier,

Target cost $=$$$100,000$

Target profit $=$$$12,000$

Maximum fee $=$$$14,000$

Minimum fee $=$$$9,000$

Sharing below target $($contractor$/$customer$)=\frac{80}{20}$

Sharing above target $($contractor$/$customer$)=\frac{30}{70}$

How much will the contractor be reimbursed if the cost of performing the work is $$85,000?$

How much will the contractor be reimbursed if the cost of performing the work is $$120,000?$

Submit a word$/$Pdf documents by the deadline of $11/13/23.$ No submission would be accepted after the solution is posted.