A furnace installed at a cost of $Rs.\:24$ Lakh is expected to serve its useful life of $5$ years. Salvage value of the furnace is $Rs.\:8$ Lakh. The interest rate compounded annually is $8\%$. The estimated capitalized cost (in Lakhs of rupees ) is
- $30$
- $34.09$
- $34.9$
- $58.09$