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The concrete pavement requires S15,000 of repairs during years 12, 25 and 4o The asphalt pavement requires s125,000 of repairs during years to, 20,

The concrete pavement requires S15,000 of repairs during years 12, 25 and 4o • The asphalt pavement requires s125,000 of repairs during years to, 20, 35 and 45 • The estimated capital cost of the concrete pavement is S98o,loo • The estimated capital cost of the asphalt pavement is s85o,000 • Assume interest rate = 4% • Assume no salvage value at the end of life. Find the PWF and LCC

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