An airport authority intends to build a bridge to connect two sections of the airport. Option A is a high-level reinforced concrete bridge that connects directly into the highway going into the city but is environmentally intrusive to construct. The second option is a low-level steel bridge that is less environmentally invasive, but does not connect into the city's highway network. The concrete bridge has an initial construction cost of $40 million, with annual maintenance costs of $20,000. The asphalt road surface has to be overlaid every 9 years at a cost of $75,000. The steel bridge is estimated to cost $35 million to construct with annual maintenance costs of $15,000. The steel frame must be painted every 4 years (approximately $220,000 in costs) and its road pavement must be resurfaced every 9 years at a cost of $45,000 per resurfacing. Compare the two options based on capitalized cost, assuming a discount rate of 5% and infinite service life. Which option is preferred? [10 pts]