The table below shows the estimate for a project in which you have been assigned the project manager (PM). The previous PM was in the process of developing the cost estimate when she was promoted and asked to lead a more complex project. You were asked to take over and you jumped at it the opportunity to lead your first project. You next deliverable is to complete the cost estimate below. You are needed to budget the cost estimated over the duration of the project. The project duration is calculated to take 18 months 1. Calculate/determine i. The cost of testing (please be specific about any assumptions you make]) ii" The total amount estimated for the flexible items iii. The percent of all level items on the cost estimate. 2. Budget your finished cost estimated over 18 months (please be specific about any assumptions you make) Level Item Item Calculate % of cost allocated to each level item Unit/HrsUnit Cost Total 240 480 PM $80.0 $19,200.0 PM Project teams members $50.0 $24,000.0 2 Hardware $300.0 $8,000.0$32,000.0 Equipment $60,000.0 200 4 Software Development 50 $100.0 $5,000.0 4 Testing 5 Flexible account (Allocated to traveling, training, Team skill development, administration, and entrainment) Total Project Cost $198,750.0 The table below shows the estimate for a project in which you have been assigned the project manager (PM). The previous PM was in the process of developing the cost estimate when she was promoted and asked to lead a more complex project. You were asked to take over and you jumped at it the opportunity to lead your first project. You next deliverable is to complete the cost estimate below. You are needed to budget the cost estimated over the duration of the project. The project duration is calculated to take 18 months 1. Calculate/determine i. The cost of testing (please be specific about any assumptions you make]) ii" The total amount estimated for the flexible items iii. The percent of all level items on the cost estimate. 2. Budget your finished cost estimated over 18 months (please be specific about any assumptions you make) Level Item Item Calculate % of cost allocated to each level item Unit/HrsUnit Cost Total 240 480 PM $80.0 $19,200.0 PM Project teams members $50.0 $24,000.0 2 Hardware $300.0 $8,000.0$32,000.0 Equipment $60,000.0 200 4 Software Development 50 $100.0 $5,000.0 4 Testing 5 Flexible account (Allocated to traveling, training, Team skill development, administration, and entrainment) Total Project Cost $198,750.0