The purchase price of a natural gas-fired commercial boiler (capacity X) WAS $385000 eight years ago. Another boiler of the same basic design, except with capacity 1.63X, is currently being considered for purchase. If it is purchased, some optional features presently costing $55000 would be added for your application. If the cost index was 118 for this type of equipment when the capacity X boiler was purchased and is 156 now, and the applicable cost capacity factor is 0.75, with a 10-year loan of 8% annual interest rate compounded monthly, how much is the monthly loan payment for your estimated purchase price of the new boiler? (Please round the answer to the nearest integer)

The purchase price of a natural gas-fired commercial boiler (capacity X) WAS $385000 eight years ago. Another boiler of the same basic design, except with capacity 1.63X, is currently being considered for purchase. If it is purchased, some optional features presently costing $55000 would be added for your application. If the cost index was 118 for this type of equipment when the capacity X boiler was purchased and is 156 now, and the applicable cost capacity actor is 07> with a 10-year oan of 8% annual interest rate compounded monthly, how much is the monthly loan payment or your estimated purchase price the new boiler? (Please round the answer to the nearest integer)