Over 7 years ago your company built a restaurant in New London, Connecticut. It was completed in
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Question:
Over 7 years ago your company built a restaurant in New London, Connecticut. It was completed in 2016 with a total cost of $4,940,000. You were awarded a contract for a similar restaurant (almost same design) that you are building this year (2023) in Daytona Beach, Florida.
a) What is the estimated cost of the restaurant?
b) If in 2020 you had built a similar restaurant in Decatur, Illinois, what would have been the cost of it?
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