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Given a project salary cost of $400,000 per year and forecasted wage increases of 5 percent per year, calculate the non discounted total salary cost over a three-year project lifecycle.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:
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