An arena in Winnipeg cost $ 4.7 million in 2005. Estimate the cost of building a similar arena in Vancouver. Construction costs in Vancouver are believed to be 31% higher than Winnipeg. The all-items Consumer Price Index (CPI) for 2005 in Canada was 107, while the latest available CPI is 137.3.

ENGR.ECONOMIC ANALYSIS
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An arena in Winnipeg cost $ 4.7 million in 2005. Estimate the cost of building a similar arena in Vancouver. Construction costs in
Vancouver are believed to be 31% higher than Winnipeg. The all-items Consumer Price Index (CPI) for 2005 in Canada was 107,
while the latest available CPI is 137.3.

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