A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.

Solid Waste Engineering
3rd Edition
ISBN:9781305635203
Author:Worrell, William A.
Publisher:Worrell, William A.
Chapter2: Municipal Solid Waste Characteristics And Quantities
Section: Chapter Questions
Problem 2.19P
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A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000
gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased
from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.
Transcribed Image Text:A 9,000 gallon storage tank was purchased for $200,000 12 years ago. How much would a 12,000 gallon storage tank cost today if the power-sizing exponent were 0.69 and the cost index increased from 150 to 230 over the last 12 years. Express your answer in $ to the nearest $1,000.
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