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1. A water supply dam will cost $7 million to build and it will have erosion control costs of $800.000 every 6 years forever. At
1. A water supply dam will cost $7 million to build and it will have erosion control costs of $800.000 every 6 years forever. At an interest rate of 5% per year, the capitalized cost of the dam is closest to: $9 3500 000 $8,310,000 -57,800,000
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