please explain how to complete Example 6: A food processing plant with a capacity of 800 tons per day is supposed to be built in

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Example 6: A food processing plant with a capacity of 800 tons per day is supposed to be built in city ABC this year. We need to estimate its cost based on the following information: - A food processing plant with a capacity of 600 tons per day was built in city DEF 7 years ago for $2.33M. - For the new plant, an extra control system is required that costs $120,000. - Location indices of cities ABC and DEF are, respectively, 1.29 and 1.18. - The size factor exponent (power sizing) of these kinds of plants is 0.67 . - The average annual inflation is 2.5%