A team was doing release planning and they decided that the next release will include all stories from Story 1 to Story 11 (see table 2 below).
The velocity range to be used for the release planning is 15-22.
The team works in a 2 week iteration.
It costs about $50,000 per iteration to fund the entire team.
Calculate the estimated duration for next release. Additionally, how much will this release cost?
Table 2: Prioritized Product Backlog
"Story Title" - "Estimate (in ideal days)"
A. Duration: 6-8 weeks, Cost: 150K to 200K
B. Duration: 3-4 weeks, Cost: 150K to 200K
C. Duration: 10-14 weeks, Cost: 500K to 700K
D. Duration: 6-8 weeks, Cost: 300K to 400K