Question: You are assigned as the project manager for a $5,000,000 lump sum contract. Your firm has a profit goal on all projects of 5%, and

You are assigned as the project manager for a $5,000,000 lump sum contract. Your firm has a profit goal on all projects of 5%, and an overhead burden of 10%. This appears to be a moderately risky project to you, so you decide to establish a 10% management reserve. What amount of the contract must be reserved for overhead and profit?

(provide you answer as a whole number, do not include units)

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