Task A - Two-Phase Funding

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School: VITAsat Telecommunications Network • Quest 010: Funding Requirements

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Task A: Two-Phase Funding • Due Date: 5/18/2000

A. The funding for the Joint Project is planned in two phases, as the faith-based market sector is expected to be financed sooner than the secular sector due to the consolidated nature of the funds and decision-making by individual faiths. The total funding requirement for the entire two-phase Joint Venture program is estimated at $28 million, as summarized below:
1. Wavix -------------------------------------$ 3.0 million
2. VITA ---------------------------------------$ 1.0 million
3. ICORE ------------------------------------$ 1.0 million
4. Contingency -----------------------------$ 3.0 million
5. Equipment & Installation -------------$20.0 million (2500 sites @$8,000)