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The City of Donville is planning to build a small 7 MW geothermal energy plant with an initial investment of $50 million and a life

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The City of Donville is planning to build a small 7 MW geothermal energy plant with an initial investment of $50 million and a life of 40 years. The city uses a rate of 6% per year compounded yearly. If the plant will be needed indefinitely, what is the total investment that the city should budget for the project? $15,527,111 $13,394,331 $26,020,574 $55,384,613

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