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
- $ 20M for FY04 and $130M for FY05
- $150M for FY04 and $ 0M for FY05
- $ 20M for FY04 and $ 48M for FY05