Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of $120 comma 000120,000. Annual maintenance expenses are expected to be $6 comma 5006,500 for the first 2121 years and $8 comma 0008,000 for each year thereafter. The lighting will be needed for an indefinitely long period of time. With an interest rate of 88% per year, what is the capitalized cost of this project?

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation