# Dome Renovations (p03)

Renovations to the Carrier Dome will cost about $118 million. Suppose that the upgrades all have a useful life of 30 years, and that the University uses an 8% interest rate in present value calculations. 1. Please draw an appropriate cash flow diagram and calculate the annual levelized cost of the upgrade to the nearest$100,000. You may assume \$118 million is the present value of all of renovation costs (that is, it is already the PV of the actual costs).
URL: https://wilcoxen.maxwell.insightworks.com/pages/5077.html
Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 02/22/2021