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24 <br /> V1. FINANCIAL RESPONSIBILITY <br /> I . Cost estimate for facility closure. <br /> (a) The owner or operator shall have a written estimate of the <br /> cost of closing the facility in accordance with the applicable <br /> closure requirements of this document. The owner or operator <br /> shall keep this estimate, and all subsequent estimates, at the <br /> facility. The estimate shall equal the cost of closure at the <br /> point in the facility's operating life when the extent and <br /> manner of its operation would make closure the most expensive, <br /> as indicated by its closure plan. <br /> (b) The owner or operator shall prepare a new closure cost estimate <br /> whenever a change in the closure plan affects the cost of <br /> closure. <br /> (c) On each anniversary of the effective date of this document, <br /> the owner or operator shall adjust the latest closure cost <br /> estimate using an inflation factor derived from the annual <br /> Implicit Price Deflator for Gross National- Product as published <br /> by the U.S. Department of Commerce in its Survey of Current <br /> Business. The inflation factor shall be calculated by dividing <br /> the latest published annual Deflator by the Deflator for the <br /> previous year. The result is the inflation factor. The adjusted <br /> closure cost estimate shall equal the latest closure cost esti- <br /> mate (see Item 1 (b)) times the inflation factor. <br />