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Recently, I was watching a program on the History Channel about the Pacific Coast Highway. They mentioned that the Bixby Bric more earthquake safe. The
Recently, I was watching a program on the History Channel about the Pacific Coast Highway. They mentioned that the Bixby Bric more earthquake safe. The retrofit's cost of 5.2 million dollars was 26 times greater than the bridge's original construction cost in 1932." If the CPI in 1932 was 13.7 and if the CPI in 2000 was 172.2, convert the 5.2 million dollars back to its purchasing power in 1932 dollars. Purchasing power in 1932 dollars = A. \\( \\$ 34,440,000 \\) B. \\( \\$ 2,740,000 \\) C. \\( \\$ 15,911.73 \\) D. \\( \\$ 2,513,868.61 \\) E. \\( \\$ 71,240,000 \\) F. \\( \\$ 413,704.99 \\) G. \\( \\$ 65,360,583.94 \\) H. \\( \\$ 895,440,000 \\) In real terms, the cost of the seismic retrofit is about times the original cost of the bridge. A. 2 B. 5 C. 7 D. 10 E. 18 F. 25 G. 50 H. 100
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