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1. The road to Yellowstone is planned to be repaired after the recent flooding. Major maintenance work will happen now and every four years and

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1. The road to Yellowstone is planned to be repaired after the recent flooding. Major maintenance work will happen now and every four years and will cost $500,000 dollars each time. In addition to the major maintenance, annual maintenance is $100,000 per year. a) What is the capitalized cost of the road maintenance at an interest rate of 8 percent per year

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