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A dam will have a first cost of P250,000,000, an annual maintenance cost of P1,250,000 and minor reconstruction costs of P518,546 every five years. At

A dam will have a first cost of P250,000,000, an annual maintenance cost of P1,250,000 and minor reconstruction costs of P518,546 every five years. At an interest rate of 0.09 per year, what is the capitalized cost of the dam in pesos?

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