A process vessel was purchased in the United Kingdom for a plant in the United States in
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A process vessel was purchased in the United Kingdom for a plant in the United States in 1993. A similar vessel, but of different capacity, was purchased in 1998. From the data given below, estimate the cost in U.S.$ of a vessel of 120 m3 capacity purchased in 2017 (assume a value of CEPCI = 542).
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Date Vessel Capacity (m³) Purchased Cost (Pounds Sterling = £)Exchange Rate 199375 $1.40/£ 1998155 $1.65/£ 2017120 $1.30/£ £7,800 £13,800
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1 1993 7800 140 10920 1998 13800 165 22635 2 1993 10920 75 m 14560m 19...View the full answer
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Related Book For
Analysis Synthesis And Design Of Chemical Processes
ISBN: 9780134177403
5th Edition
Authors: Richard Turton, Joseph Shaeiwitz, Debangsu Bhattacharyya, Wallace Whiting
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