Golden Gate bridge is maintained by 38 painters and 17 ironworkers (who replace corroding steel and rivets).

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Golden Gate bridge is maintained by 38 painters and 17 ironworkers (who replace corroding steel and rivets). If the painters get an average wage of $120,000 per year (with benefits) and the ironworkers get $150,000 per year, what is the capitalized cost today of all the future wages for bridge maintenance at an interest rate of 8% per year?

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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