The pavement will cost 25 million and it has a much shorter


The right-of-way and the roadbed for a new highway will cost $4.5 million. The pavement will cost $2.5 million, and it has a much shorter life of 20 years. If the discount rate is 9%, find the project's capitalized cost.

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Business Economics: The pavement will cost 25 million and it has a much shorter
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