A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below.
Question:
A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Select the closest answer.
(a) $4,618,000
(b) $10,623,000
(c) $14,342,000
(d) $14,891,000
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Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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