8. The capitalized cost of a series of cash flows starting at the end of the first year with $7,500 and decreasing at the rate of 15% each year for the following 7 years is closest to... Note: The series of cash flows from year 1 to 8 repeats forever. MARR = 12%, compounded semi-annually. a) $40,359 b) $38,701 c) $39,760 d) $41,469 e) $4.976 f) $4,989 g) $51,260 13