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A small textile plant was constructed in 1999. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant

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A small textile plant was constructed in 1999. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2010 if the index for this type of equipment has increased at an average rate of 12% per year for the past 11 years. Choose the correct answer below. Estimated cost for a new plant is $15, 075, 333. Estimated cost for a new plant is $12, 562.778. Estimated cost for a new plant is $1, 245.863. Estimated cost for a new plant is $25, 605, 165

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