A new bridge project is being evaluated at an interest rate, Business Economics

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A new bridge project is being evaluated at an interest rate

A new bridge project is being evaluated at an interest rate of 7%. Reccomend an alternative based on the capitalized cost for each option below:

Option Construction Cost Annual O&M Life(years)

Concrete $ 18 million $250,000 50

Steel $ 25 million $500,000 70

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Business Economics: A new bridge project is being evaluated at an interest rate

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Business Economics: A new bridge project is being evaluated at an interest rate

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