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5-15. Two possible types of road surface are being considered with cost estimates per mile as follows: The periodic resurfacings will involve replacement only of
5-15. Two possible types of road surface are being considered with cost estimates per mile as follows: The periodic resurfacings will involve replacement only of the wearing surface and not the base or subsurface. Compare these alternatives on the basis of the present worth of the cost of 30 years' service. Assume a zero terminal salvage value for both types of surface and use an i of 9%
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