A flood control project of 20 miles has an initial cost of 50,000,000. Every ten...
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Accounting
A flood control project of 20 miles has an initial cost of 50,000,000. Every ten years each mile must receive repairs of 1, 200,000 per mile. Every 30 years each mile requires a major upgrade of 5,000,000 per mile. The interest rate for this project is 3%. What is the capitalized cost for this project
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