What is the annual cost of the wood bridge to the closest, Financial Management

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What is the annual cost of the wood bridge to the closest

Two bridge designs have been proposed. A wood bridge constructed will cost $60,000 and will last for eight years. A steel bridge constructed will cost $110,000 and will last for twenty years. Both bridges will have a zero salvage value. Use an interest rate of 8%.

What is the annual cost of the wood bridge to the closest dollar?

What is the annual cost of the steel bridge to the closest dollar

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