Question: The net present worth for a project with an initial construction cost of $ 2 6 2 , 0 0 0 , a maintenance cost

The net present worth for a project with an initial construction cost of $262,000, a maintenance cost of $9,000 per year, a salvage value of $29,000 at the end of the service life, at an annual interest rate of 3% and a 50-year life, is approximately:
a. $135,213
b. $242,000
c. $486,748
d. $499,976
e. None of the above

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