Determine quivalent annual worth of bridge

Reference no: EM13191878

A new bridge across the Allegheny River in Pittsburg is expected to be permanent and will have an initial cost of $30 million. This bridge must resurfaced every 5 years at a cost of $1 million. The annual inspection and operating costs are estimated to be $50000.

Determine its equivalent annual worth at an interest rate of 10% per year.

Reference no: EM13191878

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