Question: 27. Equipment cost estimation (7 points) Chapter 7, problem 12 in Turton book. 12. In your role as a consultant to a legal firm, you

 27. Equipment cost estimation (7 points) Chapter 7, problem 12 in

27. Equipment cost estimation (7 points) Chapter 7, problem 12 in Turton book. 12. In your role as a consultant to a legal firm, you have been requested to determine whether calculations submitted in a legal action are valid. The problem is to determine what year a compressor was placed into service. The information in the table is available. It is claimed that the compressor was placed into service in 1976. History suggests that during the period from 1976 to 1985 there was significant inflation. Do you believe the information submitted is correct? If not, what year do you believe the compressor to be placed into service? Use CEPCI = 500 for 2006. Compressor Power Total Module Cost (kW) (in 10's) ??? 1000 645.93 2000 500 500.00 2006 775 811.68 Note: CEPCI (1986) = 318, CEPCI (1981) = 297, CEPCI (1976) = 192. Date

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