GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN MILLIONS OF DOLLARS ROUNDED TO TWO DECIMAL PLACES, for instance if you compute $51,342,245.7345 then ENTER 51.34 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off. Marshall and Swift has developed a new processing line. The equipment to be delivered will cost $7 million. The direct cost factors are: the construction cost factor of 0.22, the installation cost factor of 0.4, and the instrumentation cost factor of 0.13. An indirect cost factor of 0.21 is to be applied to total direct cost. What is the estimated cost of the processing line?

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