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A government monument is expected to last forever. The first cost is $5,000,000. At the end of year 7 there will be a one-time remodeling
A government monument is expected to last forever. The first cost is $5,000,000. At the end of year 7 there will be a one-time remodeling cost of $300,000. At the end of every 12 years there will be a major remodeling cost of $500.000. Annual Operating & Maintenance Costs will total $15.000 for each year. i 4% per year. a. Calculate the capitalized cost. b. Calculate the equivalent uniform annual cost (do not use the calculated capitalized cost in c. Draw the fully labeled cash flow diagram
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