Zach’s senior design project had a total purchased equipment cost of $3,487,000. The heat exchangers cost $178,000, the field fabricated vessels cost $676,600, pumps plus drivers cost $28,000, and the column shells cost $295,000.
Purchased equipment is 15% to 40% of the fixed capital investment (FCI). Using this, estimate the range of the FCI for Zach’s project.