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Lubbock Country is planning to construct a bridge across the Rio de Lubbock to facilitate...

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Accounting

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Lubbock Country is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the EI Dusto Ski Basin. The first cost for the bridge will amount to $6, 500,000. Annual maintenance and repairs will amount to $25,000 for each of the first five years, and then $30,000 for each of the next fifteen years. This accounts for 20 years of maintenance. In addition, a major overhaul costing $500,000 will be required at the end of the tenth year. Use an interest rate of 8% and determine the equivalent uniform annual cost (EUAC) for 20 year period

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