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For an item that costs $75 in the base year (1.00) and there is a forecast index of 1.20, what is the escalation on the

For an item that costs $75 in the base year (1.00) and there is a forecast index of 1.20, what is the escalation on the item.

$Escalation = $Base Estimate x [(Index for Target Date/Index for Est Basis Date) - 1]

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