Unformatted text preview: , the top two inches of the asphalt will have to be milled off and replaced at a cost of $1,000,000 per mile. Assuming a design life of 36 years, what is the present value of the pavement’s life-cycle costs? Assume TDOT’s cost of capital is 3% per year....
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- Fall '08
- Clarksville, Asphalt Pavement