Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of $120,000. Annual maintenance expenses are expected to be $6,650 for the first 10 years and $10,000 each year thereafter upto 25 years. With an interest rate of 10% per year, what is the present worth cost of this project? Choose the closest answer below. .. OA. The present worth cost of the project is $251,632. OB. The present worth cost of the project is $271.133. OC. The present worth cost of the project is $236,922. OD. The present worth cost of the project is $190,186.

Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of $120,000. Annual maintenance expenses are expected to be $6,650 for the first 10 years and $10,000 each year thereafter upto 25 years. With an interest rate of 10% per year, what is the present worth cost of this project? Choose the closest answer below. .. OA. The present worth cost of the project is $251,632. OB. The present worth cost of the project is $271.133. OC. The present worth cost of the project is $236,922. OD. The present worth cost of the project is $190,186.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of $130,000. Annual maintenance expenses are expected to be$6,500for the first8years and$8,500 each year thereafter upto 25years. With an interest rate of 9% per year, what is the present worth cost of this project? Choose the closest answer below. A) $202,422 B $238,597 C) $249,468 D) $277,339
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