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Estimate the new building bid

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In January of 2015, the appropriate construction cost index had a value of $5,260. In January of 2005, the value was $2,746. In January 2010 you received a bid for a structure of 7.25 million. Another building (virtually identical) is planned for a bid opening in January 2020. Estimate the new building bid.

Answers:

A: 13.89 million

B: 19.22 million

C: 11.18 million

Reference no: EM132367302

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