Determine the useful life infinite interest rate

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a city has decided to build a softball complex and the city council has already voted to fund the project at the level of $800,000 (initial capital investment) the city engineer has collected the following financial information for the complex project: annual upkeep cost $120,000 annual utility costs $13,000 Renovation costs $50,000 for every five years annual team user fees (revenues) $32,000 Useful life Infinite interest rate 8%

Reference no: EM13213826

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