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Street lighting fixtures and their sodium vapor bulbs for a two block area of a large city need to be installed at a first cost of 118,337. Annual maintenance expenses are expected to be 6,134 for the first 20 years and 8,498 for each year thereafter. The lighting will be needed for an indefinitely long period of time. With an interest rate of 10 percent per year, what is the capitalized cost of this project? Supply answer with no $ and a precision to the nearest cent.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91230629

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