Estimate the cost in 2011 of chemical processing equipment if the cost of a unit one-fourth its
Question:
Estimate the cost in 2011 of chemical processing equipment if the cost of a unit one-fourth its size was $60,000 in 2005. The exponent in the cost capacity equation is 0.24. Use the M&S equipment cost index to update the cost.
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Step by Step Answer:
Use Equation 153 and Table 153 C 2 60000 41 024 1490212445 50000 118110157 100206 Table 1...View the full answer
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