A process vessel was purchased in the United Kingdom for our 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 \(120 \mathrm{~m}^{3}\) capacity purchased today (assume the current \(C E P C I=582\) ).

Transcribed Image Text:

Date 1993 1998 2007 Vessel Capacity (m) 75 155 120 Purchased Cost (Pounds Sterling = ) 7,800 13,800 Exchange Rate $1.40/ $1.65/ $2.00/