Project organizers shall estimate the:

1. (1) Total capital expenditures that will be needed in order to implement the project and document these projected costs for inclusion in an application; and

2. (2)

   1. (A) Ongoing operating expenses that are anticipated in order to provide broadband coverage after deployment is complete, as well as the revenues that can be expected.

   2. (B)

      1. (i) Based on these estimates, they shall forecast whether the project will be financially self-supporting after deployment is complete.
      2. (ii) If not, the project is not suitable for ARC grant funding.
      3. (iii) If so, the expected revenues and costs of the project after deployment shall be documented for inclusion in an application.