Assume that ABC Co. calls you as an expert in feasibility study to prepare a feasibility study for a project, using the following data:

• This project needs 2 years for establishment and will operate 5 years.
• The required land 6000 meter with LE 1000 per meter (in the first year).
• The cost of buildings LE 15 million, 60% will be paid in the first year and 40% in the second year.
• The equipment include local equipment costs LE 4 million, foreign equipment costs $ 2 million. They will be bought in the second year.
• The furniture and office equipment cost LE 3 million, in the second year.
• The cost of transportation means LE 1 million, in the second year.
• The organization cost (Feasibility study and other costs) LE 3 million (2 million in the first year, the rest in the second year).
• The first working capital LE 2 million, in the second year.
• The project will be financed from the owners and the bank; the bank will grant LE 10 million longterm loans (in the beginning of the second year) with interest rate 10% annually, the loan will be paid during the operating period.
• The emergency reserve for the increase in the tangible fixed assets prices will be 10% of the cost of fixed assets.
• The exchange rate is LE 5.5 for $ 1

Required: Prepare a schedule for the investment costs of the proposed project distributed over the establishment years.