A municipal waste treatment plant with state-of-the-art environmental technology and controls is being installed by Forsythe County. The initial installation costs $10 million. Minor repairs and renovations are required after 6 years at a cost of $3 million; major repair, replacement, and renovations are required 4 years after the minor repairs and renovations at a cost of $6 million. The 10 -year cycle of minor and major repairs/replacements/renovations repeats indefinitely. Annual O\&M cost the first year is $0.8 million; during the 6year period, operating and maintenance (O\&M) cost increases at a rate of 4% per year. Annual O&M cost the first year following minor repairs/renovations is $1.1 million; during the 4-year period, O\&M cost increases at a rate of $200,000 per year. The 10-year O\&M cost cycles repeat indefinitely. Based on a 4% MARR, what is the capitalized cost for the waste treatment plant? Click here to access the TVM Factor Table calculator. $