You Have Been Asked to Estimate the Costs for a Project

Multiple Choice

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 __________.

A) $10,000
B) $100,000
C) $900,000
D) $1,000,000