Question: 5 . 3 6 A newly constructed bridge costs $ 1 5 , 0 0 0 , 0 0 0 . The same bridge is

5.36 A newly constructed bridge costs $15,000,000. The same bridge is estimated to need renovation every 15 years at a cost of $3,000,000. Annual repairs and maintenance are estimated to be $1,000,000 per year. (a) If the interest rate is 5%, determine the capital- ized cost of the bridge.
5 . 3 6 A newly constructed bridge costs $ 1 5 ,

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