(Answered) The inflation rate has averaged at 3 per year from 2004 to

Economics

The inflation rate has averaged at 3% per year from 2004 to 2007. A 10,000 cubic feet centrifugal blower was brought in Putnam county for $100,000 in 2004. White County, a neighbor, is considering buying a similar blower with a capacity of 15,000 cubic feet in 2007. Estimate the cost for the blower. The power-sizing exponent for a centrifugal blower is 0.59.

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