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 ​$130,000. Annual maintenance expenses are expected to be​$6,500for the first8years and​$8,500 each year thereafter upto 25years. With an interest rate of 9​% per​ year, what is the present worth cost of this​ project? Choose the closest answer below. A) $202,422 B $238,597 C) $249,468 D) $277,339

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