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In January of 2018, the appropriate construction cost index had a value of $4,260. In January of 2005, the value was $4,000. In January 2010

In January of 2018, the appropriate construction cost index had a value of $4,260. In January of 2005, the value was $4,000. In January 2010 you received a bid for a structure of 7.25 million. Another building (virtually identical) is planned for a bid opening in January 2020. Estimate the new building bid.

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