(Solved): Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need t ...

Street lighting fixtures and their sodium vapor bulbs for a? two-block area of a large city need to be installed at a first cost? (investment cost) of ?$. Annual maintenance expenses are expected to be ?$ for the first years and ?$ each year thereafter upto years. With an interest rate of ?% per? year, what is the present worth cost of this? project?

Street lighting fixtures and their sodium vapor bulbs for a two-block area of a large city need to be installed at a first cost (investment cost) of \( \$ 140,000 \). Annual maintenance expenses are expected to be \( \$ 6,600 \) for the first 5 years and \( \$ 9,500 \) each year thereafter upto 30 years. With an interest rate of \( 6 \% \) per year, what is the present worth cost of this project? Choose the closest answer below. A. The present worth cost of the project is \( \$ 298,567 \). B. The present worth cost of the project is \( \$ 258,550 \). C. The present worth cost of the project is \( \$ 289,243 \). D. The present worth cost of the project is \( \$ 361,614 \).