. Given a project salary cost of $400,000 per year and forecasted wage increases

Question

. Given a project salary cost of $400,000 per year and forecasted wage increases of 5 percent per year, calculate the nondiscounted total salary cost over a three-year project lifecycle. (Points : 1)       $400,000
      $420,000
      $1,261,000
      $1,652,400

2. You have been asked to estimate the costs for a project to build an industrial power plant. Based on historical data, the steam turbine accounts for 30 percent of the total costs for the plant. If the steam turbine costs $300,000, the expected top-down estimated cost for this project would be __________. (Points : 1)       $500,000
      $1,000,000
      $1,300,000
      $1,500,000

Explanation / Answer

1. = 400000+(400000*1.05^1)+(400000*1.05^2)= $1261000

2. let toal cost be x, 30% of x = 300000

then x = 300000*100/30 = $1000000

3. total labor hour = 50*4 =200
total labor hour cost = 200*15 = 3000

total labor cost = 3000+.8*3000= $5400

4. cost = 6300*1.095 = $6899

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