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The City of Hamilton is building a pipeline. The pipeline will cost $80 million today and has an expected life of 50 years. Determine the

The City of Hamilton is building a pipeline. The pipeline will cost $80 million today and has an expected life of 50 years. Determine the Capitalized Cost (Present Value) required today if the City needs the same $80 million to refurbish the pipeline in 50 years. Interest is 7%.
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The City of Hamilton is building a pipeline. The pipeline will cost $80 million today and has an expected life of 50 years. Determine the Capitalized Cost (Present Value) required today if the City needs the same $80 million to refurbish the pipeline in 50 years. Interest is 7%

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