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Assume that Walmart Inc. has decided to surface and maintain for 1 0 years a vacant lot next to one of its stores to serve
Assume that Walmart Inc. has decided to surface and maintain for years a vacant lot next to one of its stores to serve as a parking lot for customers. Management is considering the following bids involving two different qualities of surfacing for a parking area of square yards.Bid A: A surface that costs $ per square yard to install. This surface will have to be replaced at the end of years. The annual maintenance cost on this surface is estimated at cents per square yard for each year except the last year of its service. The replacement surface will be similar to the initial surface.
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