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A given type of road surface will cost $150,000 per unit distance. Average annual maintenance is estimated at $10,000, with resurfacing required every 10 years

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A given type of road surface will cost $150,000 per unit distance. Average annual maintenance is estimated at $10,000, with resurfacing required every 10 years at a cost of $50,000. The capitalized cost of perpetual service, using an effective annual interest of 5%, is nearly equal to: A. $1,350,000 B. $281,400 C. $431,400 D. $400,000

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