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Use a combined cost index and the power - sizing cost estimating model to estimate the current cost of a piece of equipment that has

Use a combined cost index and the power-sizing cost estimating model to estimate the current cost of a piece of equipment that has 50% more capacity than a similar piece of equipment that cost $30,000 five years ago. The appropriate power-sizing exponent for this type of equipment is 0.8, and the ratio of the cost indexes (current to 5 years ago) is 1.24.
a. $55,800
b. $29,760
c. $44,640
d. $51,454
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