The annual maintenance costs of a tunnel, which is considered to have an infinite life, are worth 500 TL, the interest rate is accepted to be 5% per year, and the capitalized cost is estimated to be 15000 TL.What is the initial investment cost of the tunnel.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter9: Capital Budgeting And Cash Flow Analysis
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The annual maintenance costs of a tunnel, which is considered to have an infinite life, are worth 500 TL, the interest rate is accepted to be 5% per year, and the capitalized cost is estimated to be 15000 TL.What is the initial investment cost of the tunnel.

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