41. A small textile plant was constructed in 2008. The major equipment, costs, and factors are shown
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41. A small textile plant was constructed in 2008. The major equipment, costs, and factors are shown below.
Estimate the cost to build a new plant in 2018 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. (3.4)
(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: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
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