Problem
What is the EAC of a road that costs $450,000 to build and $12,000 per year for street cleaning? The road is restriped every 2 years for $28,000 and is repaved every 10 years for $290,000. Assume the road will last 60 years and the interest rate is 8%.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.