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The City of Raptorsville built a 1 0 - kilometer bicycle track for $ 1 0 0 , 0 0 0 per km , with

The City of Raptorsville built a 10-kilometer bicycle track for $100,000 per km, with annual maintenance costing $100,000 per year for the track's 60-year service life. What is the approximate total life cycle cost of bicycle tracks based on these costs, assuming a 9.5% discount rate? The annual rate of general inflation is 2.5%. Use the modified discount rate inflation method.
Question 7 options:
$2,437,000
$3,256,000
$2,132,000
$2,933,000

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