Question: 49. Maintenance costs for a new facility are expected to be $112,000 for the first year of operation. It is anticipated that these costs will

49. Maintenance costs for a new facility are expected to be

49. Maintenance costs for a new facility are expected to be $112,000 for the first year of operation. It is anticipated that these costs will increase at a rate of 8 percent per year. Assuming a rate of return of 10 percent, what is the present value of the stream of maintenance costs over the next 30 years

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