Expenses for water treatment at a state park

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Expenses for water treatment at a state park are expected to be $60,000 now, $25,000 in year one, and $10,000 per year thereafter forever. At an interest rate of 8% per year, the capitalized cost of the treatment is nearest to:

A) $198,890

B) $200,150

C) $217,320

D) $254,160

Reference no: EM13878045

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