Answer:
=352,931.20
Explanation:
Calculation for the estimate of the purchase price for the new boiler
Purchase price of new boiler = 181,000* (221 / 162) * (1.42)^0.8 + 28,000
Purchase price of new boiler =181,000*1.36*1.32+28,000
Purchase price of new boiler =32,4931.2+28,000
Purchase price of new boiler =352,931.20
Therefore the estimate of the purchase price for the new boiler will be 352,931.20