QUESTION 6 A small textile plant was constructed in 2008. The major equipment, costs, and factors are shown in the table below. Cost-Capacity Factor Equipment Reference Size Reference Cost New Design Size Finishing machine 150 yd/min $1,265,000 0.91 200 yd/min Jet 200 yd/min $1,580,000 0.86 450 yd/min dyer Steam 100 yd/min $1,050,000 0.78 175 yd/min dyer Estimate the cost (in dollars) to build a new plant in 2018 if the index for this type of equipment has increased at an average rate of 12 % per year for the past 10 years. (Enter your answer as a number without the dollar $ sign)