Question: Q 3 . ( 2 5 % ) Use the time and location indices to estimate the cost of a building that contains 4 8

Q3.(25%) Use the time and location indices to estimate the cost of a building that contains 48,000 sf of floor area. The building is to be constructed 3 years from now in City C. The cost of a similar type of . building that contained 32,000 sf was completed 2 years ago in City B for a cost of $3,680,000.
\table[[Time,Index,,Location,Index],[4 yrs ago,3684,,City A,1,025],[3 yrs ago,3795,,City B,1,170],[2 yrs ago,3873,,City C,1,260],[1 yr ago,4148,,City D,1,105],[Current year,4362,,City E,1,240]]
 Q3.(25%) Use the time and location indices to estimate the cost

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