12. The construction cost of a new bridge is $1.9M. Annual upkeep is estimated to be $25K. In addition to annual upkeep, major maintenance work is anticipated every eight years at a cost of $350K per occurrence. The town government's MARR is 8%. Find the capitalized cost.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
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ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
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12. The construction cost of a new bridge is $1.9M. Annual upkeep is estimated to be $25K. In addition to annual upkeep, major maintenance
work is anticipated every eight years at a cost of $350K per occurrence. The town government's MARR is 8%. Find the capitalized cost.
Transcribed Image Text:12. The construction cost of a new bridge is $1.9M. Annual upkeep is estimated to be $25K. In addition to annual upkeep, major maintenance work is anticipated every eight years at a cost of $350K per occurrence. The town government's MARR is 8%. Find the capitalized cost.
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