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A new tower was built in the year 2000, at an annual equivalent cost of $500000. The life of this tower is infinite for an

A new tower was built in the year 2000, at an annual equivalent cost of $500000. The life of this tower is infinite for an economic analysis. If the effective annual interest rate was 3.9% how much would it be to build it in the year 2000?

Please give me the clear answer with explanation.

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