The first two tranches of a project are $131600, the cost baseline is$708300, and the Management reserve is 5% of the cost baseline.If management wants a total of 7 planned tranches in the original project plan before the project starts, what would the cost of each of the remianing tranches be if all of the remianing transhes were the same amount.
a) $708300 - $131600 = $576700
b) Management reserve = 5% of $708300 = $35415
c) Remaining cost after first two tranches and management reserve = $576700 - $35415 = $541285
d) Cost of each of the remaining 5 tranches = $541285 / 5 = $108257