Estimate the cost in 2011 of chemical processingequipment

Chapter 15, Problem 15.37

(choose chapter or problem)

Estimate the cost in 2011 of chemical processingequipment if the cost of a unit one-fourth its sizewas $60,000 in 2005. The exponent in the cost capacityequation is 0.24. Use the M&S equipmentcost index to update the cost.

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