Problem
A tunnel cost $280M. Every 10 years, it is repaved at a cost of $12M. Halfway between the repaving's, it is resurfaced at a cost of $7M. It is rewired every 20 years at a cost of $15M. With proper maintenance ($20M per year), the tunnel will last forever. If i = 5%, what is the EAC for the tunnel?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.