Calculate the capitalized cost for the flood control project using an interest rate of 9%.

A flood control project that will have a first cost of $250000 and will require expansion at the en Show more A flood control project that will have a first cost of $250000 and will require expansion at the end of ten years is being planned. The expansion will cost $55000. The total project will be rehabilitated and overhauled 15 years after the expansion (at year 25) and at 15-year intervals thereafter. Each rehabilitation and overhaul will cost $25000. The construction company that builds the project will maintain it for an annual fee of $8000 until the expansion is accomplished. Thereafter the flood control district will provide operating maintenance. Operating maintenance will cost $5000 for the first year after expansion or rehabilitation and overhaul and will increase by $1500 each year until the project is rehabilitated and overhauled then the operating maintenance cost schedule is repeated forever. Calculate the capitalized cost for the flood control project using an interest rate of 9%. Show less

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