What is their estimated expenditure this year?

Man: Can we go over some figures please? What has our total outlay been this year?
Woman: Yes, our shareholders’ meeting is soon. I think it’d be a good idea to review the key numbers. Our expenditures are estimated at $4,320,000.
Man: What percentage is that research and development?
Woman: About 27%. We’ve invested heavily in developing some new technologies.

We would like to inform you that we act on a sole agency basis for a number of manufacturers. We specialise in refined cotton goods and all types of household linen for the Middle Eastern market. Until now, we have been working with your textiles department and our collaboration has proved to be mutually beneficial.