A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated at $600 M. Annual cost of the maintenance is estimates at $200,000. Also, every 10 years the bridge needs an overhaul maintenance that costs $2 M. The bridge is estimated to last for a very long time. If accountants in city hall use 3% as the interest rate for analysis, determine the equivalent annual cost for the bridge.