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Prepare a cash flow projection for a construction company that cur- rently has two...

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Accounting

Prepare a cash flow projection for a construction company that cur-
rently has two projects under contract for the next year and anticipates
picking up a third and fourth project during the year.
The first project began in September of this year and will continue into
next year. The estimated bill to the project's owner and construction
costs by month for the first project are shown in Table 14-21. The
owner holds 10% retention on all payments. The construction com-
pany will hold retention from the payments to its subcontractors. The
retention for this project is expected to be released in June.
Table 14-21 Bill to Owner and Construction Cost for the First
Project
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