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A toll bridge is being considered for design and construction. It is estimated the bridge will cost $73,000,000 and require annual operating and maintenance costs
A toll bridge is being considered for design and construction. It is estimated the bridge will cost
$73,000,000 and require annual operating and maintenance costs of $2,000,000. If 110,000
vehicles are expected to cross the bridge each day, what toll rate should be charged, assuming,
i= 7% and 50-year life with no salvage value.
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