A Municipality Decided to Build a New Bridge to Accommodate

Multiple Choice

A municipality decided to build a new bridge to accommodate the city's growing traffic across the river. It has to pay $200 000 to construct the bridge plus $15 000 per year for its maintenance. Assuming that the bridge will have an infinite service life, calculate the present worth of the project at 10% interest rate.

A) $201 500
B) -$215 000
C) $280 000
D) $350 000
E) -$350 000