It turns out that the testing phase in Example 16.2 takes six years instead of four years, and the entire project takes 14 years. What will the finance charges be if everything else remains the same?

Example 16.2

Nuclear power plants cost billions of dollars. This reflects the need for the highest possible confidence in the construction of the reactor. A spending plan for a large generic nuclear power plant is shown in the following figure.

100% % of total time 100% % of total expenditures Design phase Construction phase Testing phase