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A reinforced concrete suspension bridge is being considered for a new channel crossing between New Jersey and Staten Island. The bridge will cost $460 million
A reinforced concrete suspension bridge is being considered for a new channel crossing between New Jersey and Staten Island. The bridge will cost $460 million to construct. Every 10 years, the bridge deck will have to replaced at a cost of $20 million. Assuming the cost of the bonds issued to pay for the bridge is 6% per year, calculate the capitalized cost of the bridge.
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