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What is the capitalized worth (present value) of a dam that costs $10 million to construct, costs $1 million per year to maintain for an
What is the capitalized worth (present value) of a dam that costs $10 million to construct, costs $1
million per year to maintain for an infinite number of years and generates $2 million per year in revenues
from electricity generated. Assume the dam has an infinite lifetime. Use a MARR = 8%.
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