A new road surface is being considered for Highway 51. The initial cost is $500,000....
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A new road surface is being considered for Highway 51. The initial cost is $500,000. Annual maintenance will be $35,000 per year and the road will need to be resurfaced every ten years at a cost of $350,000. If the Oklahoma Department of Transportation uses an interest rate of 10% for projects such as this, find the capitalized cost of the project. 1
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