A water filtration system in an industrial process was purchased in 2014 for $250,000. It will be replaced at the end of year 2019. What is the estimated cost of the replacement, based on the following equipment cost index?
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Year
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Index
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Year
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Index
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2014
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220
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2017
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257
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2015
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238
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2018
|
279
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2016
|
247
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2019
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298
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