ORPIC SAOG's is planning a new cable manufacturing project for which they established a Joint Venture with Euro Cables PLC. The project will be constructed in three years and will run for 10 years after completion. The joint venture plans to raise long term debt from the Euro market in Euros. In Omani Rials 55 million Construction Cost Year 45 million Construction Cost Year 2 Construction Cost Year3 60 million 5 million 1.6 million Preconstruction Cost Fee for arranging Interest Rate Swap Fee for arranging Bank Loan Unused Balances to cover cost over-runs 1.5 million 40 million Commitment Fees for Unused Balances 1.4 million 2.5 million Interest Expenses in Year 1 Interest Expenses in Year 2 5 million Interest Expenses in Year 3 8 million Interest Expenses from Year 4 to 10 40 million CALCULATE TOTAL EXPECTED PROJECT COST Select one: a. None of these b.185 C 265 d. 260