We wantto donate a marble birdbath to the city parkas a

Chapter , Problem 5-61

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We wantto donate a marble birdbath to the city parkas a memorial to cats. We also want to set up a per-petual care fund to cover future expenses forever.The initial cost of the bath is$5000. Routine annualoperating costs are $200 per year, but every fifthyear the cost will be $500 to cover major cleaningand maintenance as well as operation.(a)What is the capitalized cost of this project if theinterest rate is 8%?(b)How much is the present worth of this project ifit is to be demolished after 75 years? The final$500 payment in the 75thyear will cover theyears operating cost and the site reclamation

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