Today a proposed community college is estimated to cost $31.9 million, which is $113 per square foot of space multiplied by 282, 680 square feet. If construction costs are expected to increase by 12% per year because of high demand for construction labor and materials, how much would a 314,000-square-foot community college cost five years from now? The cost capacity factor is 1.0. 314,000-square-foot community college will cost $ five years from now. (Round to the nearest dollar.)