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If you don't trust me, you should apply in order to verify.

how much does it cost?

The program itself is free, so the cost is actually your living expenses in Funchal. You can get a good private room in shared apartment for about 600 eur/month (which you can also share) if you manage to avoid airbnb, that and the flight tickets would be the main expenses.

can I sleep in the office?

There is no precedent for that.