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GENERAL PROJECT OVERVIEW <br /> To add text outside of the gray fields or click the statutory reference link, de-select the "Protect Form' <br /> (lock) button on the Forms toolbar. <br /> Exhibit B — Investment in Real and Personal Property <br /> Piper will invest in repairs and improvements its existing facilities, maintain equipment <br /> and tooling for its current product lines, and make significant investments in new, highly <br /> sophisticated and unique tooling and other equipment for the PiperJet. (At this time, the <br /> company plans to adapt and improve existing facilities to construct the new PiperJet, and <br /> the schedule above reflects that assumption. However, if demand for the jet and other <br /> models, including the new Piper matrix, exceeds current estimates, it may be necessary to <br /> expand facilities and construct one or more new buildings on the Piper campus .) <br /> In addition, the company will capitalize the costs of jet development . <br /> Investment is summarized in the following schedule . Investment is in millions and totals <br /> $ 149 .9 million . <br /> 2008 2009 2010 2011 2012 2013 2014 2015 Total <br /> Facility Improvements - Jet 1500 1000 1000 1500 1500 6500 <br /> Normal Facility <br /> Repa,rsllnvestments 3000 3000 500 500 500 800 800 600 9900 <br /> Tooling - Jet 6500 10500 800 1500 3000 3000 3000 3000 31300 <br /> IT, Equipment, Machinery 3000 3000 4500 4500 4500 4700 5000 5000 34200 <br /> Total $ 12,500.00 $ 16,500.00 $ 5,800.00 $ 8,000.00 $ 9,000.00 59,500.00 $ 10,300.00 510,300.00 $ 81 ,900.00 <br /> Memo - Jet Development Costs <br /> $ 15,000.00 $ 19,500.00 3 22,000.00 $ 11 ,500.00 568,000.00 <br /> The jet development costs shown include three flying prototypes and soft tooling, in <br /> addition to personnel costs for design. The jet development costs exclude $ 15 . 1 million <br /> already invested in 2006 and 2007 . <br /> Page 15 of 15 <br />