What is the total project budget in this time-phased budget? 
Definitions:
Bond Indenture
A legal and binding contract between a bond issuer and the bondholders, specifying the terms of the bond such as the interest rate, maturity date, and other conditions.
Flotation Costs
Expenses associated with issuing new stocks or bonds, including fees for underwriting services, legal counsel, and registration.
Venture Capitalist
An investor who provides capital to startup companies and small businesses with perceived long-term growth potential.
Equity Position
An equity position refers to ownership interest in a company through the holding of shares or stocks, indicating partial ownership.
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