Exponent in the cost-capacity equation

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A 24 barrel per day (bpd) fractionation tower cost $1, 152 million in 2001 when the Chemical Engineering plant cost index value was 169. How much would a 61 bpd plant cost when the index value is 494 provided the exponent in the cost-capacity equation is 0.5?

Reference no: EM131578251

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