A small textile plant was constructed in 2008. The major equipment, costs, and factors are shown in the table below .

Equipment	Reference Size	Reference Cost	Cost-Capacity Factor	New Design Size
Finishing machine	150 yd/min	$955,000	0.81	200 yd/min
Jet dyer	200 yd/min	$1,190,000	0.76	450 yd/min
Steam dyer	100 yd/min	$800,000	0.68	175 yd/min

Estimate the cost (in dollars) to build a new plant in 2018 if the index for this type of equipment has increased at an average rate of 2 % per year for the past 10 years. (Enter your answer as a number without the dollar $ sign.)