Question: prefer handwritten calculations than excel( u can use excel if it's complicated) Thanks! 10. (12pts)New York State DOT is choosing between two pavement constnuction options

prefer handwritten calculations than excel( u can use excel if it's complicated) Thanks!

10. (12pts)New York State DOT is choosing between two pavement constnuction options for a road segment. Option A's total initial cost is $1,500,000, including materials and labor. It has annual maintenance cost of $20,000fmile, and a useful service life of 16 years. At the end of the pavement's service life, the cost of decommissioning is $60,000. Option B has an initial cost $1,000,000, annual maintenance cost $25,000z'mile, and a useful service life of 12 years with a decommissioning cost of $40,000. If the interest rate is 8%, how long does the road segment need to be for option A to be the better choice

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