Your community must build a new levy to prevent flood waters from flooding the town during the rainy season. The capital cost of the levy is $20,000,000. There is an annual maintenance cost of $1,000,000, and a periodic major maintenance cost every 8 years of $5,000,000. The tax-free, municipal-bond interest rate is 4% compounded annually. (a) What is the capitalized cost of doing this project? (b) What is the annualized cost to the community of doing this project? (c) If the community can afford bond payments of $2.4 million per year, can the community afford this project?