The initial cost of a permanent park is 1500000 annual, Business Economics

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The initial cost of a permanent park is 1500000 annual

The initial cost of a permanent park is $1,500,000. Annual maintenance and operation costs are $100,000 per year. Every 6 years, the park needs $400,000 to replace all facilities. At an annual interest rate of 10% per year, the capitalized cost of the park is ?

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