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A manufacturing plant is conducting a cost estimate for a new processing technique using based on the factor method. This estimate covers the equipment cost

A manufacturing plant is conducting a cost estimate for a new processing technique using based on the factor method. This estimate covers the equipment cost at $415,000, with a development cost factor of 0.34 and an installation cost factor of 0.25. Determine the plant cost estimate if the 0.23 indirect cost factor is used

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