Determine the total costs as an equivalent annual charge

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Question: A safety improvement project has a capital cost of $100,000 and annual maintenance costs of $20,000. The salvage value of the project at the end of 5 years is $30,000. Determine the total costs as an equivalent annual charge (also known as a uniform annual payment) for the project if the applicable discount rate is 20%.

Reference no: EM132075883

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