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1. List the eight phases of development of a canal system. Discuss the possible costs incurred by the canal owner, the canal users (shippers), and the surrounding community at each phase of developing this engineering system. In your discussion of each cost, state whether it is monetary or nonmonetary, direct or indirect, tangible or intangible, internal or external, recurring or nonrecurring, initial or rest-of-life, sunk or working cost.

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