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A new bridge has been built in your town. O&M costs is $150,000 per year starting at the end of the first year. In addition,

A new bridge has been built in your town. O&M costs is $150,000 per year starting at the end of the first year. In addition, every 5 years, there is a major overhaul (resurfacing, striping, painting, etc.) at a cost of $750,000. Both O&M and overhaul costs will go on forever. Using a discount rate of 6%, calculate the capitalized cost.

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