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Business, 24.09.2020 03:01 reycaden

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 $. Annual maintenance expenses are expected to be $ for the first years and $ for each year thereafter. The lighting will be needed for an indefinitely long period of time. With an interest rate of % per year, what is the capitalized cost of this project?

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