A 1000-gallon metal tank cost $200,000 when it was built 12 years ago. What would a 2500-gallon tank cost today if the power–sizing exponent is 0.57 and the construction cost index for such facilities has increased from 270 to 900 over the last 12 years? Solve this as follows.

i) Consider power-sizing only.

ii) Then consider cost index too.

Answer rating: 100% (QA)

Cost Estimation for Larger Tank Given Original tank size 1000 gallons Original tank cost 200000 Age ... View the full answer