A 4000 gallon storage tank was purchased for 240000 12, Ask an Expert

Economics

A 4,000 gallon storage tank was purchased for $240,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.73 and the cost index increased from 150 to 250 over the last 12 years. Express your answer in $ to the nearest $1,000.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705699

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