The concept of capitalized cost usually applies to public projects such as airports, bridges, dams, and long-term private projects such as hospitals and private airports

Select one:

True

False

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The repair and maintenance cost of a machine is zero at the end of first quarter, $5,000 at the end of second quarter and then it increases by $5,000 at the end of each quarter thereafter for a total of 3 years. Determine the equivalent uniform payment at the end of each quarter if interest rate is 12% compounded quarterly.

Select one:

a. $ 15742.5 per quarter

b. $ 35742.5 per quarter

c. $ 22742.5 per quarter

d. $ 25742.5 per quarter