ITE, LLC Charges $125/hour for a Resident Engineer (RE) and $75/hour

ITE, LLC charges $125/hour for a Resident Engineer (RE) and $75/hour for an Inspector (I) . Administrative staff hours are estimated to be 25% of RE and I time and are charged at $45 per hour.
A profit rate of 10% is charged on total labor. If a project is estimated to take 10 weeks, and assuming a 40-hour work week for both the RE and I, what is the estimated marked-up labor cost?

A) $89,000
B) $97,900
C) 107,800
D) None of the above

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