Question: INSTRUCTIONS: - Write legibly and you must show all work and cash flow diagrams to receive credit. 3 . The cost of upgrading a section

INSTRUCTIONS:
- Write legibly and you must show all work and cash flow diagrams to receive credit.
3. The cost of upgrading a section of Grand Loop Road in Yellowstone National Park is \(\$ 1.7\) million. Resurfacing and other maintenance are expected to cost \(\$ 350,000\) every 3 years. What is the capitalized cost of the road at an interest rate of \(6\%\) per year?
INSTRUCTIONS: - Write legibly and you must show

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