What is the cost of the storage facility in 2016 ?
For Storage facility
C = $320,000
CI (2004) = 4027
CI (2016) = 4571
C3 = $320,000*(4571/4027)
= $363,228
Question 3
What is the cost of the storage facility in 2016 ?
For Storage facility
C = $320,000
CI (2004) = 4027
CI (2016) = 4571
C3 = $320,000*(4571/4027)
= $363,228
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