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Estimate the cost in 2018 of a 930-horsepower steam turbine air compressor if a 200horsepower unit costs $170,000 in 1999. The exponent in the cost

image text in transcribed Estimate the cost in 2018 of a 930-horsepower steam turbine air compressor if a 200horsepower unit costs $170,000 in 1999. The exponent in the cost capacity equation is 0.31 and the equipment cost index increased by 35% over that time period. The cost in 2018 is $

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