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4. (2.5 points) A Petroleum company recently completed construction on a large refinery in Louisiana. The final construction cost was $71,000,000. The refinery covers a total of 260 acres. The Expansion and Acquisition Department at the company is currently working on plans for a new refinery in Texas. The anticipated size is approximately 360 acres. If the power-sizing exponent for this type of facility is .90, what is the estimated cost of construction? Cost of the construction is $71.000,000 Area covered is 260 acres The anticipated is 360 acres Power-sizing exponent 0.90 Now, the estimated cost of construction =?? = (Area new refinery /area recently covered)^power sizing *cost of construction = (360/260)40.90*71,000,000 = 1.3402*71,000,000 = $95160033.5