A new bridge across the Cumberland River is being planned. The construction (first) cost of the bridge is $1,900,000 and annual upkeep is estimated to be $25,000. In addition, major maintenance work is anticipated every eight years at a cost of $350,000 per occurrence. The town governments MARR is 8% per year.

1. For this problem, what analysis period (N) is, practically speaking, defined as forever?

2. If the bridge has an expected life of 50 years, what is the capitalized

worth (CW) of the bridge over a 100year study period?

(I need to solve it using the application of CW Concepts)