At 5.4% a bridge cost P 290 M with a life of 19 years. The bridge must be partially rebuilt at a cost of P 80 M at the end of each of the 19 years. Calculate the capitalized cost if an annual maintenance of P 520 000 is required.

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At 5.4% a bridge cost P 290 M with a life of 19 years. The bridge must be partially rebuilt at a cost of P 80 M at the end of each of the 19 years. Calculate the capitalized cost if an annual maintenance of P 520 000 is required. 

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