A park will need $5,000,000 first cost, annual maintenance and operating cost $150,000 per year and recurring cost of $300,000 every 10 years. The park is considered to have a infinite life. What is the Capitalized Cost of this park project if the annual interest rate is: 8% per year

a. 8,432,901 b. 7,879,340 c. 7,133,861 d. 6,893,034