QUESTION 1 A manufacturing company is considering replacing its current factory that was constructed in 2009. Back then, the cost of building the factory was $2,000,000, and its production capacity is 1,000,000 units per year. For year 2019, the new factory is estimated to have a capacity of 2,500,000 units per year, and it needs an additional piece of equipment whose cost is estimated to be $100,000. Suppose that the cost-capacity factor is 0.6 and the associated cost index has risen by an average rate of 10% per year until now. What is the estimated cost of the new factory? 1. $ 8,989,196.1 2. $ 8,371.996.4 3. $ 8,271,996.4 4. $ 9,089,196.1 QUESTION 1 A manufacturing company is considering replacing its current factory that was constructed in 2009. Back then, the cost of building the factory was $2,000,000, and its production capacity is 1,000,000 units per year. For year 2019, the new factory is estimated to have a capacity of 2,500,000 units per year, and it needs an additional piece of equipment whose cost is estimated to be $100,000. Suppose that the cost-capacity factor is 0.6 and the associated cost index has risen by an average rate of 10% per year until now. What is the estimated cost of the new factory? 1. $ 8,989,196.1 2. $ 8,371.996.4 3. $ 8,271,996.4 4. $ 9,089,196.1