A municipal highway department needs to repave a section of, Ask an Expert

Economics

A municipal highway department needs to repave a section of roadway. Concrete would cost $500,000, and lasts for 20 years. Asphalt can also be used, but it only lasts for 15 years, and requires resealing after 8 years at a cost of $50,000. At what cost of asphalt would it make sense to pave with that material? Use i = 6%.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91915732

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