Question

10. (3 points) You have been asked to describe the cost of a remedial cleanup that has a capital (initial construction) cost of $10.0 million and annual costs of $500,000 for the next 20 years. a. What is your common-sense estimate of the anticipated total cost for that option? b. What is the Present Worth of that cleanup option? (You can assume an interestrate of 4%

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