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A railway has the following costs: - The installation cost of the first phase, now: $2000,000 - The installation cost of the second phase, 5

A railway has the following costs:

- The installation cost of the first phase, now: $2000,000

- The installation cost of the second phase, 5 years later: $500,000

- Annual operating cost, until infinity: $100,000

- Maintenance cost every 6 years, until infinity: $150,000

Find the capitalized cost (CC) of the railway at i = 10% per year.

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