Table 3: Specification for heat exchanger purchased in 2015 Design Specification Material of construction: Carbon steel Shell Stainless-steel tubes Pressure: Tubes (barg) Shell (barg) 17 4 Number of tubes 600 Length of tubes (m) Tube diameter (mm) 4 20 (a) Determine the bare module cost of the heat exchanger in year 2015 Chemical Engineering Plant Cost Index (CEPCI); 2001 = 394, 2015 = 557 The Company PQ has ordered a new Floating Head Heat Exchangers but with a triple size (area) than the heat exchanger above. Based on the cost in 4(a), what would cost be for a new size heat exchanger for similar service in year of 2020 (use n=0.6). Chemical Engineering Plant Cost Index (CEPCI); 2020 = 596

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