The equipment cost for a 10 gallon per minute farm-scale ethanol fuel production plant is $243,000. The

Question:

The equipment cost for a 10 gallon per minute farm-scale ethanol fuel production plant is $243,000. The direct cost factor for construction is 1.28 and for installation is 0.23. The indirect cost factor for licenses, insurance, etc. is 0.84 (applied to total direct cost). Determine the estimated total plant cost.