A capital project is being planned with the following information:
Architectural and Engineering fees $25,000
Demolition $10,000
Construction $250,000
Furnishing and equipment $25,000
Operations and maintenance $10,000
Service contract $30,000
What amount should be placed in the capital budget for this project?
a) $300,000
b) $340,000
c) $370,000
d) $400,000