Question: Help with problem 12 please The newly elected city mayor of Gulfsville decides to construct a new levee system near the major river in the

Help with problem 12 please Help with problem 12 please The newly elected city mayor of Gulfsville

The newly elected city mayor of Gulfsville decides to construct a new levee system near the major river in the town. The estimated life of such a structure will be 40 years. Total initial costs (consulting fees and construction) would be $800,000. Maintenance cost would be $30,000 every 5 years. How much money should the city borrow now in order to carry out the entire project including maintenance? The inters rate is 5%. Illustrate your answer with a cash flow diagram. As a city engineer, you seek the capitalized cost of perpetual service from a water storage tank. Due to the

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