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Business, 12.02.2020 19:29 abby61005

Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of $120 comma 000120,000. Annual maintenance expenses are expected to be $6 comma 5006,500 for the first 2121 years and $8 comma 0008,000 for each year thereafter. The lighting will be needed for an indefinitely long period of time. With an interest rate of 88% per year, what is the capitalized cost of this project?

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