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on 1 saved A new bridge with a 100 year life is expected to have an initial cost of $40 million. This bridge must be
on 1 saved A new bridge with a 100 year life is expected to have an initial cost of $40 million. This bridge must be resurfaced every ten years at a cost of $2 million. The annual operating costs are estimated to be $45000. Determine the approximate present worth cost of the bridge using the capitalized worth method (take the life of the bridge as infinite). Use interest rate of 15% per year. ed out of o question 40.96 million dollars 40.79 million dollars 40.70 million dollars 0.40 million dollars 40.40 million dollars clear thy choice
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