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The equipment for applying specialty coatings that provide a high angle of skid for the paper- board and corrugated box industries has a delivered cost of $390,000. If the overall cost factor for the complete system is 2.45, the total plant cost is approximately:
a. $955,500
b. $1,054,400
c. $1,154,400
d. $1,544,400
Please show all work
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