Finance

Your program has a research and development project scheduled to start in January 2014 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

FY14

$20 million

FY15

$48 million

FY16

$50 million

FY17

$32 million

What is the correct amount to include in your budget request for FY14 and FY15 for this project?

$ 20M for FY14 and $130M for FY15

$150M for FY14 and $ 0M for FY15

$ 20M for FY14 and $ 48M for FY15

$ 48M for FY14 and $ 50M for FY15

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  1. $ 48M for FY14 and $ 50M for FY15

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