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A state highway department is determining whether to use asphalt or concrete For a certain road project concrete costs exist15,000/mile and would last for 20

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A state highway department is determining whether to use asphalt or concrete For a certain road project concrete costs exist15,000/mile and would last for 20 years. An annual maintenance cost for either is %500/mile. It asphalt will last only for 10 years, what is the maximum that can be spent on asphalt? MARR = 12%

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