Beaver, a city in the United States, is attempting to attract a professional soccer team. Beaver is planning to build a new stadium that will cost $340 million. The annual upkeep is expected to amount...

Beaver, a city in the United States, is attempting to attract a professional soccer team. Beaver is planning to build a new stadium that will cost $340 million. The annual upkeep is expected to amount to $850,000. The turf will have to be replaced every 11 years at a cost of $980,000. Painting every 6 years will cost $82,000. If the city expects to maintain the facility indefinitely, what is the estimated capitalized cost ati = 8% per year?

The estimated capitalized cost is $.......