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In 2020, a military engineer estimated the cost for a classified laser-guided device to be $376,900. At that time, the engineer used cost indices for

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In 2020, a military engineer estimated the cost for a classified laser-guided device to be $376,900. At that time, the engineer used cost indices for the years 2012 and 2020, with values of 1302 and 1536 , respectively, plus the cost-capacity equation with an exponent value of 0.61. If the original equipment had only one-fourth the capacity of the new equipment, what was the cost of the original equipment in 2012

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