The preliminary cost for a 50,000 ft2 aircraft hangar
must be estimated. (a) The first unit estimate
was $98.23 per square foot. Estimate the cost of
the hangar. (b) The budget limit came in at $4 million.
Perform two analyses: determine the maximum
allowed size to be within budget at the first
estimated unit cost, and determine the maximum
unit cost to stay within budget and maintain the
50,000 ft2 size.
