The equipment for applying specialty coatings that provide a high angle of skid for the paperboard and corrugated box industries has a delivered cost of $390,000. If the overall cost factor for the complete system is 3.96, the total plant cost is approximately: (choose one)
(a) $955,500
(b) $1,054,400
(c) $1,154,400
(d) $1,544,400
CT = 3.96(390,000)
= $1,544,400
Answer is (d) $1,544,400
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