A 30hp pump was purchased in 2010 for $4500. a. If the cost index in 2010 was 218 and in 2023 it is projected to be 302, what price can the company expect to pay for the replacement? (10 points) b. If the company actually needs a 35hp pump now, how much would it cost, if the power-sizing exponent for this type of equipment is 0.45?