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A regional credit union built a new branch building in 2020 for $2.2M, to serve its growing membership. The credit union executives are receiving feedback

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A regional credit union built a new branch building in 2020 for $2.2M, to serve its growing membership. The credit union executives are receiving feedback that shareholders are unhappy at the high cost of the new building. The executives want to present data at the upcoming annual shareholder meeting that shows the 2020 cost, expressed in 2015 dollars per SF, is within 10 percent of the per SF cost for a branch building they built in 2015 for $1.78M. The two branch buildings are of identical design, each with a gross floor area of 6,000 SF. Does the data support the executive's claim

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