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A road is to be resurfaced every 10 years at a cost of $150,000. The first resurfacing will occur 10 years from now. At 10%

A road is to be resurfaced every 10 years at a cost of $150,000. The first resurfacing will occur 10 years from now. At 10% interest, what is the capitalized cost of the resurfacing expense?

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