A project to be started at the end of 2010 will require the following materials. Their current unit prices are shown for end-of-year 2007. Their expected inflation rates per year are also shown. What is the estimated future cost of this project in actual dollars assuming unit prices at the end-of-year 2010? a. $30K b. $40K d. $60K e. $70K Prices at EOY 2007 $33 per cubic yard $7 per linear foot $15 per linear foot Material Concrete Wood Steel Amount Needed 1500 cubic yards 1000 linear feet 500 linear feet c. $50K Inflation Rates 3.3% per year 2.3% per year 1.8% per year

A project to be started at the end of 2010 will require the following materials. Their current unit prices are shown for end-of-year 2007. Their expected inflation rates per year are also shown. What is the estimated future cost of this project in actual dollars assuming unit prices at the end-of-year 2010? a. $30K b. $40K d. $60K e. $70K Prices at EOY 2007 $33 per cubic yard $7 per linear foot $15 per linear foot Material Concrete Wood Steel Amount Needed 1500 cubic yards 1000 linear feet 500 linear feet c. $50K Inflation Rates 3.3% per year 2.3% per year 1.8% per year

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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