Your program has a research and development project scheduled to start in January 2004 which is expected to take 40 months to complete. The project is expected to cost a total of $150 million (then-year dollars), with cost expected to be incurred as follows:
FY Cost to be incurred
FY04 $ 20 million
FY05 $ 48 million
FY06 $ 50 million
FY07 $ 32 million
What is the correct amount to include in your budget request for FY04 and FY05 for this project?
$ 48M for FY04 and $ 50M for FY05
$150M for FY04 and $ 0M for FY05
$ 20M for FY04 and $ 48M for FY05
$ 20M for FY04 and $130M for FY05
$ 20M for FY04 and $ 48M for FY05
$20M for fy04 and $50M for FY05
$20M for FY14 and $48M for FY15
$20M for FY04 and $48M for FY05
To determine the correct amount to include in the budget request for FY04 and FY05, we need to consider the cost to be incurred in those years.
According to the given information:
FY04 cost to be incurred: $20 million
FY05 cost to be incurred: $48 million
So, the correct amount to include in the budget request for FY04 and FY05 is $20 million for FY04 and $48 million for FY05.
Therefore, the correct answer is: $20M for FY04 and $48M for FY05.