has few or many stories $($high$-$rise buildings are more expensive$).$ The following are the cost estimates for one region in the Northeast:

Design costs $ $15,000,000$

Building costs $$ per square foot $($low$-$rise$)300$

Building costs $$ per square foot $($high$-$rise$)360$

Downtown premium $60\%$

Teaching hospital premium $20\%$

Required:

A local university medical school has asked Ferdinand Construction to provide a quote on a high$-$rise teaching hospital located in the city center downtown. The university estimates the hospital will be $300,000$ square feet in total. Based on the engineering estimates above, what will such a hospital cost to build?

Note: Enter your answers in thousands.