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Which of the following is closest to the capitalized cost of a project that has a first cost of $50,000, a one-time refurbishment cost of
Which of the following is closest to the capitalized cost of a project that has a first cost of $50,000, a one-time refurbishment cost of $15,000 in year 6, annual maintenance costs of $12,000, and a salvage value of $10,000 after its 10-year life. Use an interest rate of 10% per year.
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