A small textile plant was constructed in 2008. The major equipment, costs, and factors are...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A small textile plant was constructed in 2008. The major equipment, costs, and factors are shown in the table below . Equipment Reference Size Reference Cost Cost-Capacity Factor New Design Size Finishing machine 150 yd/min $1,135,000 0.87 200 yd/min Jet dyer 200 yd/min $1,420,000 0.82 450 yd/min Steam dyer 100 yd/min $945,000 0.74 175 yd/min Estimate the cost (in dollars) to build a new plant in 2018 if the index for this type of equipment has increased at an average rate of 8 % per year for the past 10 years. (Enter your answer as a number without the dollar $ sign.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
