Question: You decide to purchase a golf course for $ 5 , 5 0 0 , 0 0 0 . Two years after the initial purchase

You decide to purchase a golf course for $5,500,000. Two years after the initial purchase you
decide to add an addition to the clubhouse for $350,000. After another 2 years you decide to
upgrade the interior and facilities for $200,000. After 2 more years you decide to replace the
carts and other equipment for $70,000. You pay $70,000 a year in maintenance and
operating costs. What is the EUAC after 10 years assuming 8% interest? (Ans. $962,671)
You decide to purchase a golf course for $ 5 , 5

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