Question: Golden Gate bridge is maintained by 38 painters and 17 ironworkers (who replace corroding steel and rivets). If the painters get an average wage of

Golden Gate bridge is maintained by 38 painters and 17 ironworkers (who replace corroding steel and rivets). If the painters get an average wage of $120,000 per year (with benefits) and the ironworkers get $150,000 per year, what is the capitalized cost today of all the future wages for bridge maintenance at an interest rate of 8% per year?

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