Question: Highway marker posts at a certain location cost $ 1 0 0 0 0 and are expected to last for 1 5 years before being

Highway marker posts at a certain location cost $10000 and are expected to last for 15 years before
being replaced. By pretreating the posts at an extra cost, the projection is that these posts will last an
additional 10 years. If capital costs 10%, compounded semi-annually, what is the maximum amount
that can be spent on pretreating the posts? (Ignore labor costs to replace posts.

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