An oil company is planning to install a new 80 mm pipeline to connect storage tanks to a processing plant 1500 m away. The connection will be needed for the foreseeable future. An annual interest rate of 8% is assumed, and annual maintenance and pumping costs are considered to be paid in their entireties at the end of the years in which their costs are incurred. initial cost service life salvage value annual maintenance pump cost/hour pump operation $1500 12 yr $200 $400 $2.50 600 hr/yr The capitalized cost of running and maintaining the 80 mm pipeline is most nearly (A) $15,000 (B) $20,000 (C) $24,000 (D) $27,000