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Milton Aluminum built a plant 15 years ago at a cost of $10 million. The relevant cost index was equal to 90 (15 years ago),

Milton Aluminum built a plant 15 years ago at a cost of $10 million. The relevant cost index was equal to 90 (15 years ago), and now is equal to 150. The company is considering building a second plant, twice as large as the first one built 15 years ago. Using the capacity factor of 1.25, what will be the estimated cost of building the second larger plant now?

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