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A flood control project at Pleasant Valley dam is projected to cost $2,000,000 today, have annual maintenance costs of $50,000, and have major inspection and

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A flood control project at Pleasant Valley dam is projected to cost $2,000,000 today, have annual maintenance costs of $50,000, and have major inspection and upkeep after each 5-year interval costing $250,000. If the interest rate is 10 percent/year, determine the capitalized cost. 8

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