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The capitalized cost, c 1 , of an asset over its lifetime is the total of the initial cost and the present value of all

The capitalized cost, c1, of an asset over its lifetime is the total of the initial cost and the present value of all maintenance that will occur in the future. It is computed by the formula c=c0+0Lm(t)e-rtdt where c0 the initial cost of the asset, L is the lifetime (in years),r is the interest rate (compounded continuously), and m(t) is the annual cost of maintenance. Find the capitalized cost under the following set of assumption
c0=$500,000,r=4%,m(t)=$30,000,L=20
c=s(Round to the nearest dollar as needed.)
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