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Tom runs the company, named Magic electrical Co, and he has the following data. He paid $20,000 for a 1000 square feet ventilation equipment

 

Tom runs the company, named Magic electrical Co, and he has the following data. He paid $20,000 for a 1000 square feet ventilation equipment at 2011. The power size of this equipment is 0.6. Ventilation Equipment Cost Index is 1200 (2011) and 1450 (2016). If Tom would like to replace the 1000 square feet ventilation equipment for 25000 square feet ventilation Equipment on this year (2016), what is the estimated cost?

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