Ahmad want to open a charity hospital. he planned to establish his trust hospital project within five years. Mustafa works as an investment advisor. On the advice of one of his childhood friends, Ahmad approached Mustafa to discuss financial planning for his dream project. Ahmad told Mustafa that he and his friends estimated the hospital would start with a 2 room outdoor patients' service. This would cost $ 20 million for construction, and the land would be donated by Ahmad. In addition to that, it would cost $ 1 million per annum to maintain the outdoor centre. After two years, the hospital was to be expanded to include a surgical ward, which would cost another $50 million for building and equipment, and an additional $ 5 million per annum for running expenses. Ahmad and his friends had decided to set up a foundation to support this project for 10 years and wanted to start a fundraising campaign. Mustafa opined that these funds should be invested in fixed income generating products which would generate a 9% discount rate.

What are fundraising targets Ahmad should be aiming for? What else should he be vary of?

Kindly write down the assumptions if you made any.

NOte: Please answer this as soon as possible. You can do it either way (excel, financial calculator, or by hand) but please do not make any error. I will upvote.

Thank you