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Alood-control dam with a 100-year life has an intial cost of $15 million. The gates in the dam must be replaced every five years, at

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Alood-control dam with a 100-year life has an intial cost of $15 million. The gates in the dam must be replaced every five years, at a cost of $2 million. the intere annually, what is the capitalized equivalent of the annual cost of the dam? As. $4261 412 st rate is 8% per year, compounded

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