Question

A 1000 gallon tank for water storage costs $650 in 2017. Estimate what a 5000 gallon tank costs in 2007.

CEPCI Values Annual Index: 2006 499.6 2007 525.4 Equipment/Facility 2008 575.4 Blower, centrifugal 2009 521.9 2010 550.8 Drer, drum, single atmospheric TABLE 2-1 Example Power-Sizing Exponent Values Power-Sizing Exponent Size Range 10,000 100,000 ft3/min 200-2100 hp 500-7000 f2 10-100 ft2 20,000-70,000 ft2/min 10-1500 f2 0.05-20 million ga/day 5-20 bp 100-1000 gal 100-40,000 gal Compressor Crystallizer, vacuum batch 0.32 0.37 2010 550.8F centrifugal 2011 585.7Filter, vacuum rotary drum 2012 584.6 Motor 2013 567.3 Reactor, 300 psi Lagoon, aerated 0.69 0.56 0.57 Tank, atmospheric, horizontal CHEMICAL ENGINEERING PLANT COST INDEX (CEPCI) 1957-59-100) Mar. '17Feb. '17 Mar. 16 Annual Indexc Prelim. Final 2009 521.9 2010 550. 2011 585.7 2012 584. 2013 567.3 2014 576. 2015 556.8 2016 541.7 CE Index Equipment 562.1 676.6 558.3 672.0 5873 Heat exchangers&tanks Process machinery Plpe, valves &fittings Process instruments Pumps&compressors Electrical equipment Structural supports&misc 672.1 863.7 403.4 982.3 514.3 7333 326.4 555.4 315.7 852.0 403.0 973.1 512.1 729.7 323.1 552.2 315.0 5353 638.0 545.2 644.8 800.3 383.0 969.7 508.3 697.4 323.3 538.4 315.7 Construction labor Buildings Engineering &supervision Starting with the April 2007 Final numbers, several of the data series for labor and compressors have been converted to accommodate series IDs that were discontinued by the U.S.Bureau of Labor Statistics Hi Preliminary January 2018:576.4 Final December 2017 :572.9 Annual index 2017:567.5

Answer 1

If 1000 gallon tank water storage costs $650 I'm 2017..

So.. According to annual index the rate was $525.4 In 2007

So the estimated cost is 525.4×5 = $2627 ..