Q. A newly constructed water treatment facility cost $2 million. It is estimated that the facility will need renovating every 30 years at a cost of $1 million. Annual repairs and maintenance are estimated to be $100,000 per year. At an interest rate of 6%, determine the capitalized cost of the facility. (Solved)
1. 3579806
2. 3877482
3. 4301205
4. 3360343
- b. 3877482