The CHEETAH program has an RDT&E funded project scheduled to start in November 2015 which is expected to take 21 months to complete. The project is expected to cost a total of $21 million (then-year dollars), with cost expected to be incurred at a rate of $1 million per month. What is the correct amount to include in the budget request for this project?
a. $12 million for FY2016 and $10 million for FY2017
b. $12 million for FY2015 and $9 million for FY2016
c. $11 million for FY2015 and $10 million for FY2016
d. $11 million for FY2016 and $10 million for FY2017
I believe it's c. I'm having a little bit of a challenge determining the appropriate FY. I believe its FY2015 because the FY starts Oct 1 and ends Sept 30.
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