Question
Air conditioning for a college dormitory will cost $2.9 million to install and $130,000 per year to operate. The system should last 13 years. The
Air conditioning for a college dormitory will cost $2.9 million to install and $130,000 per year to operate. The system should last 13 years. The real cost of capital is 9%, and the college pays no taxes. What is the equivalent annual cost? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Equivalent annual cost $
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
