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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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