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A certain fluidized-bed combustion vessel has an investment cost of $100,000, a life of 10...

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A certain fluidized-bed combustion vessel has an investment cost of $100,000, a life of 10 years. and negligible market (resale) value Annual costs of materials, maintenance, and electric power for the vessel are expected to total $10.000. A major relining of the combustion vessel will occur during the fifth year at a cost of $35,000. If the interest rate is 12% per year, what is the lump-sum equivalent cost of this project at the present time? Click the icon to view the interest and annuity table for discrete compounding when i= 12% per year. The lump-sum equivalent cost of this project at the present time equals . (Round to the nearest dollar

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