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2. (10 pts) Your team is writing a proposal for a grant to fund a new project. The grant application is due next month but
2. (10 pts) Your team is writing a proposal for a grant to fund a new project. The grant application is due next month but it will be awarded in 2 years with the money paid out in 3 years. One aspect of the project will require a large 3d printer (size 400 x 400 x 500 mm). To estimate the printer cost after the money is awarded, your team found a larger printer (size 400 x 400x800 mm) that currently costs $4500. The vertical height is the size difference (3'd measurement) in the two printers and that size difference typically has a cost capacity factor of 0.9. The price index for these printers is 210 today and is estimated to increase by 5% each year in the next few years. What should be the estimate be for the printer your team needs in 3 years' time
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