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Ten years ago an electric motor of 2000 kW capacity costs $1200 and its cost index was 150. Today it is desired to produce an

Ten years ago an electric motor of 2000 kW capacity costs $1200 and its cost index was 150. Today it is desired to produce an electric motor of 8000 kW capacity and the present cost index is 240. Determine the today's approximate cost of new electric motor. Use the appropriate power sizing exponent from the book for the power sizing model method.

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