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4-4 A govemment monument is expected to last fore ver. The first cost is $5,000,000. At the end of year 7 there will be a

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4-4 A govemment monument is expected to last fore ver. The first cost is $5,000,000. At the end of year 7 there will be a one-time remodeling cost of $300,000. At the end of every 12 years there will be a major remodeling cost of S500,000. Annual Operating&Maintenance Costs will total $15,000 for each year. i-4% per year. a. Calculate the capitalized cost. b. Calculate the equivalent uniform annual cost (do not use the calculated capitalized cost in e. Draw the fully labeled cash flow diagram

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