Your boss has been tracking cost of construction. He created cost index to track these costs. Costs during the first year of the index were $8 per square foot of space and the index value was set for 00 for that first year. Past year survey costs were $120 per square foot. What index number will your boss publish in his report for this year? If we are then told that the index value was 925 last year, what was the cost per square foot last year?