The Cost of Building the RAMA IX Suspension Bridge in Thailand

Short Answer

The cost of building the RAMA IX suspension bridge in Thailand is $8 million. The bridge will need to be repainted every 7 years and resurfaced every 9 years, each for an indefinite period of time. The cost of painting is expected to be $159,000 and the cost of resurfacing is estimated to be $417,000. Determine the capitalized worth of the bridge at an interest rate of 4% per year.