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Air conditioning for a college dormitory will cost $2.1 million to install and $170,000 per year to operate. The system should last 19 years. The
Air conditioning for a college dormitory will cost $2.1 million to install and $170,000 per year to operate. The system should last 19 years. The real cost of capital is 9%, and the college pays no taxes. What is the equivalent annual cost?
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Principles of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Franklin Allen
12th edition
978-1259692178, 1259692175, 1259144380, 978-1259144387
